PepsiCo Beats Expectations in Q2, Raises Full-Year Outlook

PepsiCo reported second quarter earnings and revenue that exceeded Wall Street's expectations.
The company lifted its full-year earnings and organic revenue forecasts based on price increases and steady consumer demand.
PepsiCo's Q2 earnings per share rose to $1.99, while adjusted EPS hit $2.09.
Revenue increased 5% to $22.32 billion, led by a 10% jump in North America beverage sales.
For full-year 2023, PepsiCo anticipates 10% organic revenue growth and 12% higher core EPS of $7.47.