Pepsi raises expectations, posts higher revenue but lower profit for the quarter

The maker of snacks and beverages on Tuesday said it expects organic revenue—a measurement that adjusts for items like foreign-exchange translation, acquisitions and divestitures—to grow about 8% for fiscal 2021. It previously expected organic revenue to grow 6%.

The Purchase, N.Y., company sees core constant currency earnings per share growth of at least 11%, compared with its prior outlook of 11%. The company expects core EPS to grow at least 12%, compared with its previous guidance of 12%.

PepsiCo Raises Full-Year Expectations While Navigating Supply-Chain Environment – WSJ