PepsiCo Delivers Solid Quarter and Raises Year End Targets
PepsiCo (NASDAQ: PEP) delivered another solid quarter in what is shaping up to be another solid year for the international snack and beverage giant.
At the pandemic onset, the company boosted sales as people consumed more of its products while stuck at home. The fact that it's increasing sales from the elevated levels of 2020 is impressive, no doubt.
This third-quarter performance, reported on Tuesday, even surprised PepsiCo management. As a result, management raised revenue and earnings per share guidance for the remainder of the year.
Source Fool.com
