PepsiCo warns of another price increase as supply disruptions linger
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Analysts Remain Positive on PepsiCo (PEP) After Reporting Beat-and-raise Q3
October 6, 2021 6:07 AM EDTPepsiCo (NASDAQ: PEP) yesterday reported better-than-expected Q3 results and raised its full-year outlook.
The company said it earned $1.79 per share to top the analyst estimate of $1.73. Revenue for the quarter came in at $20.19 billion versus the consensus estimate of $19.39 billion.
On the guidance front, PEP now expects FY EPS of at least $6.20, which is lower than the analyst consensus of $6.24.
For fiscal year 2021, the Company now expects to deliver approximately 8 percent organic revenue growth (versus our previous... More
