PepsiCo: raises FY 2023 EPS target
(CercleFinance.com) - On its Q3 earnings call, PepsiCo nudged up its core EPS target for 2023, now expecting 13% growth at constant exchange rates (vs.
12%), for organic sales growth that it still expects to reach 10%.
In addition, for the next financial year, the agrifood group forecasts growth towards the top end of its long-term target ranges, i.e. upper single-digit growth for core EPS at constant exchange rates, and between 4% and 6% for organic revenues.
The owner of the Pepsi, Lays and Quaker brands has announced core EPS of $2.25 for Q3 2023, up 16% at constant exchange rates, on revenues of nearly $23.5bn, with organic growth of 8.8%.
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12%), for organic sales growth that it still expects to reach 10%.
In addition, for the next financial year, the agrifood group forecasts growth towards the top end of its long-term target ranges, i.e. upper single-digit growth for core EPS at constant exchange rates, and between 4% and 6% for organic revenues.
The owner of the Pepsi, Lays and Quaker brands has announced core EPS of $2.25 for Q3 2023, up 16% at constant exchange rates, on revenues of nearly $23.5bn, with organic growth of 8.8%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.