EZBrisk / Market Verdict

PepsiCo beats, cuts profit view

PepsiCo beat revenue and profit expectations with accelerating organic growth led by international businesses, and the stock rallied sharply even though management trimmed its full-year profit outlook while raising the sales forecast, citing a slower North American turnaround and rising input costs.

Sources: https://www.sec.gov/Archives/edgar/data/77476/000

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