Categories AlphaGraphs, Consumer, Earnings
PEP Earnings: All you need to know about PepsiCo’s Q3 2023 earnings results
PepsiCo Inc. (NASDAQ: PEP) reported third quarter 2023 earnings results today.
Net revenue increased 6.7% year-over-year to $23.45 billion. Organic revenue growth was 8.8%.
Net income attributable to PepsiCo was $3.1 billion, or $2.24 per share, compared to $2.7 billion, or $1.95 per share, last year. Core EPS amounted to $2.25.
Both revenue and earnings beat expectations.
For FY2023, the company expects organic revenue growth of 10%. It raised its earnings outlook for the year and now expects core EPS of $7.54 and core constant currency EPS growth of 13% versus its previous expectations of $7.47 and 12% respectively.
The stock gained nearly 2% in premarket hours on Tuesday following the announcement.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Richtech’s mission is to transform the service industry through collaborative robotic solutions: President
Richtech Robotics Inc. (NASDAQ: RR) is a leading provider of robotic solutions, developing, manufacturing, and deploying novel products needed for automation in the service industry. The company's solutions include delivery,
What to expect when Darden Restaurants reports Q1 results
Darden Restaurants, Inc. (NYSE: DRI) is scheduled to release its first-quarter report on September 19, with analysts forecasting a year-over-year increase in sales and profit. The market will be keeping a
Oracle (ORCL) sees continued strong revenue growth in FY25
Oracle Corporation (NYSE: ORCL) started the new fiscal year on a high note with stronger-than-expected first-quarter results, driving the stock higher soon after the announcement. The tech giant’s earnings and
