PepsiCo's stock gains after profit and revenue beat expectations, full-year outlook increased

Published: Oct. 5, 2021 astatine 6:14 a.m. ET

Shares of PepsiCo Inc. edged up 0.3% successful premarket trading Tuesday, aft the snack and beverage elephantine reported third-quarter nett and gross that bushed expectations, portion gross margins declined, and provided an upbeat full-year outlook. Net income roseate to $2.22 billion, oregon $1.60 a share, from $2.29 billion, oregon $1.65 a share, successful the year-ago period. Excluding nonrecurring items, halfway net per stock came successful astatine $1.79, supra the FactSet statement of $1.73. Revenue grew 11.6% to $20.19 billion, beating the FactSet statement of $19.39 billion, with maturation seen successful each categories. Cost of income roseate 15.2% to $9.39 billion,...