Brief
PepsiCo beats Q3 revenue estimates on World Cup‑driven snack sales
Strong international snack demand lifted PepsiCo's third‑quarter revenue despite weaker U.S. performance.
By Felo News Desk · Published
PepsiCo reported third‑quarter net revenue of $25.27 billion for July‑September, a 5.6% rise that topped Wall Street forecasts of $24.95 billion, according to the Independent.
The boost came from a 4% increase in global snack volumes, the fastest since 2021, driven largely by international markets that account for 41% of the company's revenue. Lay's snacks saw heightened demand linked to the World Cup, expanding market share in China and Brazil, while snack volumes rose 11% across the Asia‑Pacific region.
In contrast, North American results were weaker: Frito‑Lay snack volumes were flat year‑on‑year and beverage volumes fell 2%, with U.S. salty‑snack growth offset by declines in Canada. PepsiCo said it will focus on product innovation, marketing and expense cuts, and lowered its full‑year earnings outlook to 2.5‑3.5% earnings‑per‑share growth.
Key facts
- PepsiCo's Q3 net revenue rose 5.6% to $25.27 billion. (independent.co.uk)
- International snack volumes grew 4%, the fastest since 2021. (independent.co.uk)
- Lay's snack demand was boosted by the World Cup, especially in China and Brazil. (independent.co.uk)
- North American snack volumes were flat and beverage volumes fell 2%. (independent.co.uk)
- PepsiCo cut its full‑year earnings outlook to 2.5‑3.5% EPS growth. (independent.co.uk)
Sources
- [1] independent.co.uk — originally reported as “Strong World Cup sales helped PepsiCo’s third quarter despite falling short in US”
