Price hikes helped PepsiCo (PEP) post better-than-expected quarterly resultꦺs, and the maker of soda and snack foods boosted its guida🌌nce. 

PepsiCo reported third quarter fiscal 2023 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.25, with revenue rising 6.7% to $23.5 billion. Both were above forecasts.

Average prices climbed 11% in the period. 澳洲幸运5官方开奖结果体彩网:Organic sales gained 8.8%, fueled by a 13% jump in Europe. However, while revenue increased, global volumes for its convenience foods dropped 1.5%, and North American beverage volumes slumped 6%, as the higher prices weighed on demand. The comp𒐪any indicated that a “modest” level of new price increases𒅌 will be coming heading into next year. 

PepsiCo now anticipates full-year 澳洲幸运5官方开奖结果体彩网:constant currency EPS growth of 13%, up from its previous estimate of 12%. 🔜It was the third consecutive quarter the company has lifted its outlook.

Shares of PepsiCo were over 1% higher as of 11:30 a.m. ET on Tuesday following the news, advancing for the third-straight session after hitting a 16-month low last week.