PepsiCo Inc. reported on Oct. 9 third-quarter earnings that exceeded expectations, driven by healthier snacks.
The company generated $23.94 billion in revenue in the quarter, outpacing its forecasted $23.86 billion. In addition, its earnings per share (EPS) were $2.29, surpassing the forecast of $2.26.
Ramon Laguarta, chairman and CEO of PepsiCo, credits many factors for the results, including the popularity of the company’s healthier, “permissible snacks.”
During the company’s earnings call, Laguarta noted that the company’s strong portfolio of these snacks, including zero sugar products, will continue to drive growth.
“A new development from Propel for GLP-1 consumers will have a special type of electrolytes, high content of fiber, and good levels of protein,” he said in the call….