PepsiCo Beats Q3 Estimates but Lowers Full-Year Profit Forecast
PepsiCo reported third-quarter core EPS of $2.34 and revenue of $25.27 billion, both above analyst expectations, but reduced its full-year core constant-currency EPS growth outlook to 1% to 2%. The company said lower prices on North American snack brands such as Lay’s and Doritos helped volumes but left PFNA revenue flat and core operating profit down 12%. PepsiCo's forward P/E was around 14.28x, the lowest in five years.
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Paragraph. Need ensure expanded total under 120. Let's finalize. But check "additional factual detail and background drawn ONLY from material above — entirely original wording, never copying source phrasing." We must not copy source phrasing. Some phrases like "core constant-currency EPS growth" are standard but from source. Could rephrase: "full-year growth target for core EPS at constant currency". "PepsiCo Foods North America" is proper noun. "core operating profit" is term. Fine. "forward P/E" term. "12-month low" maybe source phrase. Could say "near its lowest price in a year". "gained over 1% before the open" source "rose more than 1% in premarket trading." Original enough. "International segments posted core constant-currency operating profit growth of 9% to 19%" source "core constant-currency operating profit rose 9% to 19% across all four international segments." We can rephrase: "Outside North America, the four international units lifted core operating profit at constant cur