Investing.com - PepsiCo reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PepsiCo announced earnings per share of $1.97 on revenue of $21.97. Analysts polled by Investing.com anticipated EPS of $1.84 on revenue of $20.78B.
PepsiCo shares are down 93% from the beginning of the year , still down 10.21% from its 52 week high of $181.07 set on Wednesday, August 17, 2022.
PepsiCo follows other major Consumer Staples sector earnings this month
PepsiCo's report follows an earnings beat by Costco on Thursday, September 22, 2022, who reported EPS of $4.2 on revenue of $72.09B, compared to forecasts EPS of $4.17 on revenue of $70.8B.
General Mills had beat expectations on Wednesday, September 21, 2022 with first quarter EPS of $1.11 on revenue of $4.7B, compared to forecast for EPS of $1 on revenue of $4.72B.
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