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PepsiCo Exceeds Revenue Expectations Driven by International Sales
PepsiCo Inc. announced its second-quarter financial results, surpassing expectations with revenues reaching $24.18 billion, a growth rate of 6.4% compared to the same period last year. However, adjusted earnings per share were slightly below projections at $2.20. The company achieved organic revenue growth of 2.4%, driven by pricing policies and increased global sales, with strong performances in Asian, Pacific, European, Middle Eastern, and African markets. Core operating profit rose by 4% to $4.07 billion, despite a decrease in operating margin to 16.8%. The company forecasts organic revenue growth between 2% and 4%, and earnings per share growth of 4% to 6% by 2026.
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