Pepsi tops third-quarter earnings, announces new CFO

While sales in North America continue to fall, Pepsi still beat analyst expectations in the third quarter, thanks to continued strength in international markets. The food and beverage giant reported earnings of $2.29 per share, narrowly beating the consensus estimate of $2.26. Revenues came in at $23.94 billion, versus an expected $23.83 billion. Still, inflation and economic uncertainty is making many consumers think twice before grabbing a drink or a snack. Worldwide volume for food and drink was down ...