PepsiCo earnings top estimates as international markets fuel sales growth

Core Insights - PepsiCo reported quarterly earnings and revenue that exceeded analysts' expectations, driven by international growth despite a decline in North American volume [1] Financial Performance - The company reported a net income of $2.6 billion, or $1.90 per share, which is a decrease from $2.93 billion, or $2.13 per share, in the same quarter last year [1] - Excluding certain items, the adjusted earnings per share were $2.29, slightly above the expected $2.26 [2][3] - Net sales increased by 2.6% to $23.94 billion, surpassing the anticipated $23.83 billion [2][3]