PepsiCo beats third-quarter estimates but cuts full-year earnings outlook
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PepsiCo’s third-quarter net sales rose 5.6% to $25.27 billion, while net income reached $3.05 billion, or $2.23 a share; adjusted earnings were $2.34 a share. Despite beating estimates, it cut projected 2026 core EPS growth to 2.5%–3.5% but expects revenue to grow about 6%.
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