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PepsiCo takes courage after positive first quarter

Raised 2023 estimates: january to march revenues up 10%

PepsiCo has raised its annual forecast after price increases undertaken to offset higher costs and steady product demand helped the soft drink and snack giant beat first-quarter results. Most notable was the net revenue figure which, in the first quarter, hit $ 17.85 billion, up 10% on a year earlier, against a forecast of $ 17.22 billion. Adjusted earnings of $ 1.5 per share also beat estimates, which...

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EFA News - European Food Agency