shares moved higher in pre-market trading after it posted stronger-than-expected third quarter earnings, while boosting its full-year profit forecast, as it continues to pass on price increases in both its snacks and drinks business.
Group revenues, PepsiCo said, were narrowly ahead of forecast at $23.45 billion and up 6.7% from the same period last year. Organic sales growth, a key figure for earnings potential that separates currency market impacts as well as mergers and acquisitions, rose 8.8% from last year, the company said.
Looking into the 2023 financial year, PepsiCo said sees organic revenue growth of around 10% with core earnings for the year rising to $7.54 per share, a 6 cent increase from its prior estimate.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
PepsiCo third-quarter core earnings per share top estimates amid price hikesPepsiCo third-quarter core earnings per share top estimates amid price hikes
اقرأ أكثر »