PepsiCo (PEP) reported earnings that came in at $1.21 per share, up 13% from the same period last year and well ahead of the Street consensus forecast of $1.12 per share. Revenues, PepsiCo said, rose 6.8% to $14.82 billion, again topping analyst's forecasts of a $14.65 billion tally.
"We are pleased with our results for the first quarter as we successfully overcame challenges related to difficult year-over-year comparisons, uneven recoveries across many of our international markets, and weather-related business disruptions in the U.S.," said CEO Ramon Laguarta. "Our results are indicative of the strength and resilience of our highly dedicated employees, diversified portfolio, agile supply chain and go-to-market systems, and strong marketplace execution. And we remain fully committed to executing against our key set of priorities to become a Faster, Stronger, and Better organization and win in the marketplace.
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