- PepsiCo (NASDAQ:PEP) reports organic revenue increased 4.2% in FQ3. All of the company's segments showed positive organic revenue growth except Quaker Frito-Lay North America (-2%).
- Core gross margin rose 50 bps and core operating margin expanded 30 bps off of productivity improvements and lower raw materials costs.
- The core effective tax rate fell to 23.3% during the quarter, from 24.6% a year ago.
- PepsiCo expects EPS of $4.78 for the full year vs. $4.76 consensus and $4.71 prior. The food and beverage giant sees $3B in capital spending.
- Previously: PepsiCo beats by $0.08, beats on revenue (Sept. 29)
- PEP +2.53% premarket to $110.10.