PepsiCo Earnings Call: Stock Climbs As Drinks Company Reports Solid Earnings Beat

Key takeaways

• PepsiCo posted better-than-expected earnings and revenue for its fiscal third quarter
• The report helped to allay fears of weight loss drugs impacting the convenience snacks and drinks market
• PepsiCo shares were up 2% at the earnings report

Drinks and snacks titan PepsiCo, which is home to the likes of Pepsi, Quaker Oats and Mountain Dew, among others, beat expectations on revenue and earnings and has raised part of its full-year guidance.

After a rough few days as the drinks and snacks industry battled share price falls after a leading shopping company made some pointed comments about weight loss drugs, an upbeat earnings report was just what investors were looking for from PepsiCo.