PepsiCo reported a nearly 9% rise in third-quarter revenue and again lifted its sales outlook for the year as it continued to increase prices on its snacks and drinks amid rising costs.
The company on Wednesday said that it expected full-year organic revenue—a metric that adjusts for items such as foreign-exchange translations, acquisition and divestitures—to increase 12%, up from the 10% it had forecast in July. It started its fiscal year, which ends in late December, expecting organic sales up 6%.
