00:00It's Benzinga, bringing Wall Street to Main Street.
00:02PepsiCo reported quarterly earnings and revenue that beat analysts' expectations
00:06as its North American food business returned to volume growth, according to CNBC.
00:11The food and beverage company reported adjusted earnings of $1.61 per share on $19.44 billion in
00:18revenue, beating estimates of $1.55 per share and $18.94 billion. Net income rose to $2.33
00:27billion from $1.83 billion. Net sales increased 8.5%, driven by Poppy, Alani New Distribution,
00:34and the Rockstar Divestiture. Organic revenue rose 2.6%. North American food volume grew 2%
00:42after price cuts on key brands. Beverage volume fell 2.5%. The company plans changes to Gatorade
00:48and launch new protein and fiber products. Pepsi reiterated full-year guidance and cited
00:53geopolitical volatility. For all things money, visit Benzinga.com.
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