PepsiCo (PEP) Tops Q3 EPS by 6c, Updates Guidance

PepsiCo (NASDAQ: PEP) reported Q3 EPS of $1.79, $0.06 better than the analyst estimate of $1.73. Revenue for the quarter came in at $20.19 billion versus the consensus estimate of $19.39 billion.

GUIDANCE:

PepsiCo sees FY2021 EPS of at least $6.20, versus the consensus of $6.24.

• For fiscal year 2021, the Company now expects to deliver approximately 8 percent organic revenue growth (versus our previous guidance of 6 percent), at least 11 percent core constant currency EPS growth (versus our previous guidance of 11 percent), and at least 12 percent core EPS growth (versus our previous guidance of 12 percent).

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

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