US EditionPepsiCo reports strong third quarter sales despite weakening demand in North America
Revenue grew 2.6% to $23.94 billion driven by higher sales in Latin America and Asia despite a 11% net income decline, activist investor urges strategic changes.
9 Articles
9 Articles
PepsiCo Tops Earnings Estimates on Strong Demand for Healthier Snacks
PepsiCo Inc. reported on Oct. 9 third-quarter earnings that exceeded expectations, driven by healthier snacks. The company generated $23.94 billion in revenue in the quarter, outpacing its forecasted $23.86 billion. In addition, its earnings per share (EPS) were $2.29, surpassing the forecast of $2.26. Ramon Laguarta, chairman and CEO of PepsiCo, credits many factors for the results, including the popularity of the company’s healthier, “permissi…
Investor calls for reduction of food and beverage portfolio and reinvestment in key brands
Robust International Performance Boosts PepsiCo; CFO Replaced By Walmart Exec
Amid pressure from activist investor Elliott Management, PepsiCo has posted better-than-expected sales growth in its third quarter. The results were accompanied by the news that its Chief Financial Officer was stepping down after less than two years in the role. (more…) The post Robust International Performance Boosts PepsiCo; CFO Replaced By Walmart Exec appeared first on KamCity.
PepsiCo exceeded Wall Street's expectations for the third quarter's reception this Friday (9), inspired by its energy demand, healthier and salty drinks in the United States. PepsiCo is facing the activist pressure of Elliott Management, with the investor calling attention to the fact that the company is behind the main rival, Coca-Cola, and underscoring its restructuring of its storage network and the sale of non-essential brands, such as Quake…
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