PepsiCo Raises Its EPS Guidance For The Second Straight Quarter
PepsiCo (NYSE:PEP) increased its full-year guidance on adjusted EPS for the second consecutive quarter, following the Q3 results announcement on September 29, and now expects the figure to grow 10% instead of 9%, as a cost-cutting push also helped boost profitability. Macroeconomic headwinds continue to plague PepsiCo, which derived ~44% of its top line from markets outside the U.S. last year. However, the company derived 8% organic revenue growth in developing and emerging markets in the third quarter. This growth included 11% growth in China and Mexico, and a pleasant surprise was the 7% revenue growth in Russia, where the consumer is starting to rebound. 
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