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PepsiCo Tops Earnings Estimates on Strong Demand for Healthier Snacks

By: Mary Prenon

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PepsiCo Tops Earnings Estimates on Strong Demand for Healthier Snacks

Lay’s chips are among PepsiCo’s signature brands, along with Pepsi-Cola, Mountain Dew, Doritos, Cheetos, Quaker, SodaStream, and several breakfast cereals. Joe Raedle/Getty Images

PepsiCo Inc. reported on Oct. 9 third-quarter earnings that exceeded expectations, driven by healthier snacks.

The company generated $23.94 billion in revenue in the quarter, outpacing its forecasted $23.86 billion. In addition, its earnings per share (EPS) were $2.29, surpassing the forecast of $2.26.

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