PepsiCo reported third-quarter revenue of $25.27 billion, up 5.6% from a year earlier and 1.59% above the Zacks Consensus Estimate of $24.88 billion, while EPS came in at $2.34 versus the $2.29 consensus for a 2.18% surprise. Within the company's reported segments, PepsiCo Beverages North America posted $7.71 billion in net revenue against a four-analyst average estimate of $7.65 billion, PepsiCo Foods North America came in at $6.5 billion versus $6.44 billion expected, EMEA revenue was $5.41 billion against $5.32 billion estimated, LatAm Foods revenue reached $3.02 billion versus $2.9 billion expected, Asia Pacific Foods revenue was $1.23 billion compared to the $1.2 billion average estimate, and the International Beverages Franchise brought in $1.4 billion versus $1.42 billion estimated. On a non-GAAP basis, core operating profit for PepsiCo Foods North America was $1.38 billion against a $1.42 billion estimate, PepsiCo Beverages North America posted $1.01 billion versus $1.11 billion expected, the International Beverages Franchise recorded $564 million against $565.29 million estimated, corporate unallocated was negative $426 million versus negative $411.96 million estimated, LatAm Foods earned $626 million against $579.89 million expected, and Asia Pacific Foods delivered $179 million versus $171.84 million estimated. Shares of PepsiCo have returned negative 9.5% over the past month compared with a positive 1.2% change for the Zacks S&P 500 composite, and the stock currently carries a Zacks Rank #4 (Sell).
PepsiCo IncPepsiCo beat Q3 revenue and EPS consensus estimates, with revenue of $25.27B and EPS of $2.34.
