PepsiCo profits up 33% through September

The group led by Ramon Laguarta earns $8,392 million and improves its outlook for the rest of the year.

Multinational food and drinks PepsiCo It earned a profit of $8,392 million in the first nine months of the year, up 33% from the $6,296 million achieved in the same period in 2021, in addition, Increase your income prospects Today the company announced the rest of the year.

The food and beverage company’s cumulative sales between January and September were 58,396 million, up 8% year over year.

Similarly, in the third quarter of the year, which was most followed by Wall Street analysts, PepsiCo made $2.702 million, up 21% from that period in 2022, and increased its sales volume by 9%, to $21,971 million.

CEO of the American company, Spain’s Ramon LagartaHe was satisfied with the results and emphasized that the global business situation remains “strong”.

“Given our performance to date, we now expect to increase our full-year organic revenue by 12% (previously 10%),” Laguarta was quoted as saying in a company statement.

By business areas, in the last quarter Selling soft drinks In the United States and Canada, it continues to lead in sales with 6,636 million, followed by the food trade in this region – called Frito Lay in North America – with revenues of 5,563 million.

Additionally, the regions that increased revenue the most were Latin America, up 20%, and Frito-Lay North America, up 20%, followed by Quaker Foods North America, which includes several food companies and whose revenue has grown. 15th%.

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In a statement, the company also indicated that it expects to Currency exchange It plays against the company and weighs 2.5% on net income, compared to the previously expected 2%.

After disclosing data that exceeded analyst expectations, according to several specialized media outlets, shares of PepsiCo It rose 2.07% before the opening of Wall Street.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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