PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations, despite a recall of some Quaker Foods cereal and bars that dented U.S. volume.
The company's organic revenue, which excludes acquisitions, divestitures and foreign exchange, increased 2.7% in the quarter.
The company's food division saw its volume decrease 0.5%, while its beverage segment reported flat volume.
The Quaker Foods recall dented Pepsi's organic volume by roughly 1%.
For the full year, the company is expecting organic revenue will rise at least 4% and core constant currency earnings per share will climb at least 8%.
Organizations:
Pepsi, Brooklyn borough New, PepsiCo, Quaker, LSEG, Gatorade, North, Quaker Food, Quaker Oats, Frito, Lay
Locations:
Flatbush, Brooklyn borough, Brooklyn borough New York City, Quaker, America, U.S, Asia Pacific, Australia, New Zealand, China, Europe