Overview

• Third-quarter revenue reached about $23.94 billion, up roughly 2.7% year over year and ahead of the FactSet consensus.
• Adjusted earnings per share were $2.29, topping the $2.26 estimate from analysts surveyed by FactSet.
• GAAP net income was $2.6 billion, down about 11% from a year earlier, and GAAP EPS declined to $1.90 from $2.13.
• PepsiCo named Steve Schmitt as chief financial officer, succeeding Jamie Caulfield.
• In Latin America, including Brazil, revenue rose 2% year over year, and the stock gained about 1.3% in New York pre-market trading.