PepsiCo surpasses Q3 expectations

PepsiCo's financial performance in the third quarter surpassed expectations despite declining demand in North America, with revenues rising by 5.6% to $25.3 billion, beating analysts’ forecasts of $24.95 billion. Global snack sales increased by 4%, the highest rate since 2021, supported by strong demand for Lay’s snacks associated with the World Cup. However, Frito-Lay sales in North America remained flat, while beverage sales declined by 2%, with sales in Canada decreasing, although the company's market share increased in China and Brazil.

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