PepsiCo (PEP) Tops Q2 EPS by 13c; Raises Outlook

PepsiCo (NASDAQ: PEP) reported Q2 EPS of $2.09, $0.13 better than the analyst estimate of $1.96. Revenue for the quarter came in at $22.32 billion versus the consensus estimate of $21.72 billion.

GUIDANCE:

PepsiCo sees FY2023 EPS of $7.47, versus the consensus of $7.32. For fiscal year 2023, the Company now expects to deliver 10 percent organic revenue growth (previously 8 percent), and 12 percent core constant currency EPS growth (previously 9 percent).

For earnings history and earnings-related data on PepsiCo (PEP) click here.

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Tutor Perini launches $400M senior notes offering due 2033
• Seacoast Banking (SBCF) PT Raised to $34 at Piper Sandler