PepsiCo Reports Q3 Revenue of $24.18 Billion, Beating Expectations
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- Repetition
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New informationRepeats or wire copies
What happened
PepsiCo reported revenues of $24.18 billion for the last quarter, which was a 6.4% increase year on year and surpassed analysts’ revenue expectations. The company reported that its gross margin was in line with estimates. Analysts are currently expecting PepsiCo’s revenue to grow 4.3% this quarter, up from 2.7% in the same quarter last year.
From financialcontent.com
Why it matters
The results place PepsiCo within the consumer staples segment, where peers like Constellation Brands delivered 6.1% year-on-year growth. The report also noted that PepsiCo has missed Wall Street’s revenue estimates multiple times over the last two years.
From financialcontent.com
Who's involved
- PepsiCoFood and beverage company that reported quarterly earnings
Keep exploring
The entities involved
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PepsiCo
American soft drink company
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Amazon
American multinational technology company
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PayPal
American worldwide online payments system
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Google
American multinational technology company, a subsidiary of Alphabet Inc.
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