Snacks and beverages maker PepsiCo posted higher revenue and lower profit for its latest quarter
PepsiCo Inc. said it raised its guidance for the full year given its performance so far this year, while the company faces continuing supply-chain disruptions and inflationary pressures within the labor, transportation and commodity markets.
The maker of snacks and beverages on Tuesday said it expects organic revenue—a measurement that adjusts for items like foreign-exchange translation, acquisitions and divestitures—to grow about 8% for fiscal 2021. It previously expected organic revenue to grow 6%.
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