The beverage giant reported adjusted earnings above expectations, rising from $2.12 per share a year earlier.
PepsiCo posted second-quarter adjusted earnings of $2.2 per share, exceeding the $2.19 estimate. The result reflects a year-over-year increase from $2.12 per share in the same period last year.
Analysts had anticipated earnings of $2.19 per share for the quarter. The company’s revenue also surpassed expectations, though specific figures were not detailed in the report.
Shares showed limited movement in pre-market trading following the announcement.