PepsiCo Shares Rise After Earnings Beat Expectations And Revenue Growth Accelerates

Core Insights - PepsiCo shares increased over 2% intra-day following third-quarter results that exceeded analyst expectations, with revenue growth accelerating despite challenges in the food division [1] Financial Performance - The company reported adjusted earnings per share of $2.29, surpassing Wall Street's consensus estimate of $2.26 [2] - Revenue reached $23.94 billion, slightly above expectations of $23.86 billion, marking a 2.6% year-over-year increase [2] - Organic revenue, excluding currency and acquisition impacts, rose 1.3% compared to the previous year [2] Segment Performance - PepsiCo Beverages North America achieved 2% revenue growth despite a 3% decline in volumes [3] - The Europe, Middle East, and Africa division reported the strongest results with 9% revenue growth [3] - Global convenient food volumes decreased by 1%, with a notable 4% drop in North America [3] Future Outlook - The company reaffirmed its full-year 2025 outlook, expecting low single-digit organic revenue growth and core constant-currency earnings per share to be roughly flat compared to the prior year [4] - PepsiCo improved its EPS guidance, now forecasting a 0.5% decline instead of the previously expected 1.5% drop, attributed to a more favorable foreign exchange environment [4]