PepsiCo: posts growth in Q3 earnings
(CercleFinance.com) - On Thursday PepsiCo reported growth in Q3 earnings and revenue, despite an operational environment that it said was "volatile" and "complex", thanks to the high demand for its snacks and an improvement at its beverage business.
In Q3 to the beginning of September, the US agri-food giant's net profit reached 2.3 billion dollars, or 1.65 dollars per share, up 9.5% from the 2.1 billion dollars (1.49 dollar per share) posted a year ago.
Its quarterly revenue increased by 5% to 18.1 billion dollars, including organic growth of 4.2%.
For the full-year, PepsiCo now expects organic growth of 4%, for annual EPS of approximately 5.50 dollars, just under the 5.53 dollars the previous year.
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