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Pepsi Earnings Beat
Description
PepsiCo beat Q1 estimates with adjusted EPS of $1.61 and revenue of $19.44B, up 8.5% year over year. Net income rose to $2.33B from $1.83B. North American food volume grew 2% after price cuts, while beverage volume fell 2.5%. Growth was driven by Poppi, Alani Nu distribution, and the Rockstar divestiture. Pepsi reiterated full-year guidance amid geopolitical volatility.
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