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Pepsi products at a convenience store in Crockett, California, US, on Friday, June 16, 2023.
David Paul Morris | Bloomberg | Getty Images
PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations and raised its full-year outlook.
Shares of the company rose more than 2% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $2.09 adjusted vs. $1.96 expected
- Revenue: $22.32 billion vs. $21.73 billion expected
Pepsi reported second-quarter net income attributable to the company of $2.75 billion, or $1.99 per share, up from $1.43 billion, or $1.03 per share, a year earlier.
Excluding items, the beverage giant earned $2.09 per share.
Net sales rose 10.4% to $22.32 billion.
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