PepsiCo Inc. reported results for the third quarter 2022.
Chairman and CEO Ramon Laguarta said in the announcement: “We are very pleased with our results for the third quarter as our global business momentum remains strong. Given our year-to-date performance, we now expect our full-year organic revenue to increase 12% (previously 10%) and core constant currency earnings per share to increase 10% (previously 8%). Our strong results demonstrate that the investments we have made towards becoming an even Faster, even Stronger, and even Better company with pep+ at the center of everything we do are working. We are encouraged by the progress we are making on our strategic agenda, and remain committed to investing in our people, brands, supply chain, and go-to-market systems and winning in the marketplace.”
Reported (GAAP) third-quarter and year-to-date 2022 results
Summary third-quarter 2022 performance
Guidance and outlook
For fiscal year 2022, the company now expects to deliver 12% organic revenue growth (previously 10%), and 10% core constant currency EPS growth (previously 8%).