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Pepsi Improves Forecasts

Benzinga

2 Views • Oct 05, 2021

Description

PepsiCo ($PEP@US) said Tuesday that it expects better revenue growth in the 3rd quarter, rising 7% with a double-digit increase in net revenue. Highlighting strong demand for its Mountain Dew beverages, Pepsico also noted revenues from the Frito-Lay North America division rose around 6%. Among the positive news, the company also said that its net attributable income fell 3% due to increased distribution and raw material costs. Despite the positive news, Pepsi stock was down half a percent overnight.

Keywords & Tags

#finance #business #sales #food #snack #beverage corporation #revenue growth #PepsiCo #net #demand #material costs #annual revenue #Pepsi #Improves Forecasts #Soft Drink #Mountain Dew #beverages #Frito-Lay #North America division #Pepsi stock

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