PepsiCo Q3: EPS Beat Due To Price Increases, Not Increasing Volumes (Rating Downgrade)

Core Insights - PepsiCo, Inc. reported third-quarter results that slightly exceeded consensus expectations, primarily driven by price increases rather than revenue growth, as volumes declined [1] - The company's guidance remains unchanged from the previous quarter, indicating low single-digit organic growth and flat performance [1] Financial Performance - The results showed a reliance on price increases to achieve earnings, highlighting a potential concern regarding volume sales [1] - The company continues to project low single-digit organic growth, suggesting a cautious outlook for future performance [1]