Behind the Earnings Beat - Jim Cramer on PepsiCo Stock

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PepsiCo  (PEP) - Get Report exceeded expectations across the board and raised guidance when it reported its quarterly earnings ahead of Tuesday's opening bell.

Adjusted earnings per share came in at $1.72, up 30% from the same period last year and easily surpassing the consensus estimate of $1.53 per share. 

In the video above, Jim Cramer explains how PepsiCo delivered stronger-than-expected quarterly earnings. 

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