real-time news and commentary for investors
Wednesday, Oct 16
PepsiCo sees snack sales grow faster than beverages in Q3
- PepsiCo (PEP) reports organic revenue rose 3.9% during Q3 as snack volume rose by 3% and beverages gained 1%.
- Organic volume fell 4% in the PepsiCo Americas Beverage which was only partially offset by higher pricing.
- The company says new management strategies helped lift its gross margin rate by 70 bps during the quarter. (PR)
- PEP unchanged premarket.