PepsiCo (NASDAQ:PEP) reported its Q2 earnings results, with EPS of $2.09 coming in better than the Street estimate of $1.96. Revenue was $22.32 billion, beating the Street estimate of $21.72 billion.
The company expects fiscal 2023 EPS of $7.47, above the Street estimate of $7.32. Full-year organic revenue growth is now seen at 10% (previously 8%).
According to management, the emphasis will be on enhancing their productivity initiatives in order to better facilitate investments in innovation, brand development, digitalization, and sustainability. This strategic approach aims to achieve success in the market and strengthen their businesses in the long run.
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