Pepsi products are seen at a convenience store in Crockett, California, U.S., Friday, June 16, 2023.
David Paul Morris | David Paul Morris Bloomberg | Getty Images
Pepsi Quarterly earnings and revenue on Thursday topped analysts’ expectations and raised its full-year forecast.
Shares of the company rose more than 2% in premarket trading.
The company’s report compared Wall Street expectations, according to a Refinitiv survey of analysts:
- Earnings per share: $2.09 adjusted, $1.96 expected
- Revenue: $22.32 billion vs. $21.73 billion expected
PepsiCo reported second-quarter net income attributable to the company of $2.75 billion, or $1.99 a share, up from $1.43 billion, or $1.03 a share, a year earlier.
Excluding items, the beverage giant earned $2.09 a share.
net sales It rose 10.4 percent to $22.32 billion.
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