PepsiCo (PEP) reported Q3 FY 2021 earnings of $1.79 per share (versus $1.66 per share in Q3 FY 2020), beating analysts’ consensus estimate of $1.73 per share.
The company’s quarterly revenues amounted to $20.189 bln (+11.6% y/y), beating analysts’ consensus estimate of $19.392 bln.
The company also raised FY 2021 guidance of organic revenues growth to 8% y/y (from previous guidance of +6% y/y) and reaffirmed FY 2021 EPS guidance of at least +12% y/y to $6.20 (versus analysts’ consensus estimate of $6.24).
PEP fell to $150.01 (-0.13%) in pre-market trading.