PepsiCo revenue beats estimates following snack price cuts
First-quarter revenue rose 8.5 percent to 19.44 billion dollars as snack price cuts revived demand. The company also announced a restage of Gatorade brands.
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PEPSICO INC reported first-quarter revenue that exceeded market expectations on Thursday, as the company leveraged price reductions on its popular snack brands to stimulate consumer demand in the United States. The food and beverage giant posted a revenue increase of 8.5%, reaching $19.44 billion, which outperformed the $18.94 billion anticipated by analysts.
