PepsiCo reported first-quarter results that exceeded analyst estimates for both revenue and earnings per share. The beverage and snack giant saw organic sales growth drive the positive performance.
- Revenue grew 8.5% YoY to $19.4 billion
- Non-GAAP EPS beat estimates by $0.06
- Organic sales growth of 2.6% topped consensus
- Strong quantitative ranking among beverage peers
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