Why PepsiCo Shares Are Surging Today
Portfolio Pulse from Shivani Kumaresan
PepsiCo Inc reported Q2 FY23 sales growth of 10.4% YoY to $22.32 billion, beating the analyst consensus. Net revenue from various segments showed significant growth. Gross profit increased 12.9% YoY to $12.2 billion, and the profit margin expanded to 54.6%. The company raised the FY23 organic revenue growth outlook to 10% and sees 12% core constant currency EPS growth. PepsiCo continues to expect total cash returns to shareholders to be approximately $7.7 billion.
July 13, 2023 | 10:34 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
PepsiCo's Q2 FY23 results beat estimates, with significant growth in sales and profit. The company also raised its FY23 outlook.
PepsiCo's strong Q2 results and raised FY23 outlook indicate a positive performance, which is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100