PepsiCo sales grow 5.3%, fueled by snack sales
The company topped analysts' estimates for its earnings and revenue.
on Thursday reported its quarterly sales grew by more than 5% as consumers bought more of its Tostitos and pancake mixes.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $18.09 billion vs. $17.23 billion expected Excluding items, the company earned $1.66 per share, beating the $1.49 per share expected by analysts surveyed by Refinitiv.rose 5.3% to $18.09 billion, topping expectations of $17.23 billion. Organic revenue grew 4.2% in the quarter.
Its North American beverage unit's organic sales rose by 3% in the quarter. Its Bubly sparkling water brand, Lipton tea and
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