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Pepsi beats Q1 revenue forecasts as price increases moderate
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FILE - Boxes of Pepsi are displayed in a grocery store, Ill., Thursday, Feb. 10, 2022. PepsiCo reports earnings on Tuesday, April 23, 2024. - photo by AP Photo/Nam Y. Huh
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. The Purchase, New York-based company said revenue rose 2% to $18.3 billion for the January-April period. That was higher than the $18 billion Wall Street forecast, according to analysts polled by FactSet.