PepsiCo reported its third-quarter 2019 results on the 3rd of October. The company’s core earnings per share declined year-over-year, due to increased selling & general expenses, which also negatively affected operating margin.
The group indicated that it expects to meet or exceed its organic revenue target of 4% for the full year. Year-to-date, the group reported organic revenue growth of 4.6%, increasing the probability that the company is on track to reach its full-year goals.
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