PepsiCo's Earnings Top Projections; Walmart's Schmitt to Take Over as CFO

Kevin Carter / Getty Images PepsiCo shares have fallen almost 9% in 2025. KEY TAKEAWAYS PepsiCo posted quarterly earnings ahead of estimates and announced a new chief financial officer Thursday. The beverage maker said Steve Schmitt, chief financial officer for Walmart's U.S. unit, will take over as CFO from Jamie Caulfield effective Nov. 10. PepsiCo (PEP) posted quarterly earnings slightly ahead of analysts' expectations and announced a new chief financial officer Thursday. The maker of Pepsi soda ...