PepsiCo (PEP) Tops Q1 EPS by 2c, Beats on Revenue; Guides Up

PepsiCo (NASDAQ: PEP) reported Q1 non-GAAP EPS of $1.50, $0.12 better than the analyst estimate of $1.38. Revenue for the quarter came in at $17.85 billion versus the consensus estimate of $17.24 billion.

The company sees FY core EPS of $7.27, up from $7.20 and versus the consensus of $7.26.

For fiscal year 2023, the Company now expects to deliver 8 percent organic revenue growth (previously 6 percent), and 9 percent core constant currency EPS growth (previously 8 percent).

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

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