PepsiCo Tops Earnings Estimates on Strong Demand for Healthier Snacks
The company is launching a new platform to expand its ‘no colors, no artificials’ initiative across its snack brands.
Lay's chips are among PepsiCo's signature brands, along with Pepsi-Cola, Mountain Dew, Doritos, Cheetos, Quaker, SodaStream, and several breakfast cereals. Joe Raedle/Getty Images
PepsiCo Inc. reported on Oct. 9 third-quarter earnings that exceeded expectations, driven by healthier snacks.
The company generated $23.94 billion in revenue in the quarter, outpacing its forecasted $23.86 billion. In addition, its earnings per share (EPS) were $2.29, surpassing the forecast of $2.26.
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.
