PepsiCo Stock Gains After U.S. Beverage Unit Posts Strongest Growth In Nearly Two Years, Driven By Pepsi And Healthier Soda Poppi Sales

Benzinga

PepsiCo shares rose 1.2% after Q3 revenue beat expectations, led by a 2% rise in U.S. beverage sales—its best in two years. Strong demand for Pepsi and Poppi offset investor pressure from Elliott Management.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02PepsiCo shares rose 1.2% in Thursday's pre-market trading after the company announced

00:06stronger-than-expected net revenue, driven by renewed growth in its U.S. beverage unit,

00:11according to Bloomberg. North American beverage sales rose 2% in the third quarter,

00:15marking their best performance in nearly two years. PepsiCo cited strong demand for its

00:18flagship Pepsi brand and Poppy, a healthier soda than it acquired earlier this year.

00:23The company reaffirmed its 2025 guidance for low-single-digit organic revenue growth,

00:28and flat-core constant currency earnings compared with the prior year.

00:32PepsiCo continues to expand its healthier and portion-controlled products,

00:35while facing pressure from activist investor Elliott Investment Management,

00:38which recently took a $4 billion stake, urging a snack portfolio review.

00:42For all things money, visit Benzinga.com.

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