PepsiCo Beats Earnings Expectations as Price Hikes Offset Lower Demand

• PepsiCo reported better-than-expected Q3 earnings and revenue.
• The company has raised prices for 7 consecutive quarters to offset lower demand.
• PepsiCo's Q3 sales volumes fell 2.5% due to 11% price increases.
• The company lifted its full-year earnings per share growth outlook to 13%.
• PepsiCo shares rose on the earnings beat and outlook raise.

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