PepsiCo (NASDAQ: PEP) announced stronger third quarter results on Thursday before market open, driven by year-over-year growth and better-than-expected financial performance.
For the third quarter, The organization reported adjusted earnings of $2.34 per share, exceeding analyst estimates of earnings of $2.30 per share while increasing 2.2 percent year over year.
Quarterly revenue rose to $25.27 billion, increasing 5.6% year over year while also coming in ahead of Wall Street expectations of $24.96 billion.
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Providing guidance for the upcoming period, PepsiCo profit estimate outlook for the fiscal year 2026 in the range of $8.34 to $8.43 per share, compared with analyst expectations of $8.55 per share. top-line estimate outlook was set between $99.56 billion, versus consensus estimates of $98.87 billion.
Pepsico Chairman and CEO Ramon Laguarta, said, "Our third-quarter results featured strong net revenue growth, an acceleration in organic\r\nrevenue growth with organic volume growth across both global beverages and convenient foods. The results reflect the scale and resilience of the international business, the ongoing evolution of the global portfolio and an improved presence in underpenetrated channels and occasions."