If consumer spending is slowing, you wouldn’t know it by looking at PepsiCo stock (microsmallcap, micro small cap, micro stock, micro stocks, small cap stock, small cap stocks, editorial, prconnect, beverages, kombucha, healthy drinks, sports drinks, health drinks, healthiest drinks, boost shakes, nutrition drinks, ensure vs boost, boost vs ensure, low sugar drinks, healthy snacks, healthy food, bottled water, energy drinks, alcoholic drinks, dietary supplements, nutritional information, soft drinks, fruit juice, hot drinks, monster stock, monster beverage, health products, red bull stock) recent profits. The firm recently announced increasing revenue and profit growth, a flood of cash, and excellent sales volumes.
Due to solid overall performance until early September, management also boosted its 2022 projection. This outcome demonstrates that investors were correct to rush to PepsiCo stock ( NASDAQ:PEP ) for most of 2022. However, it is not too late for novice investors to consider purchasing this company.
Let’s look at three reasons why PepsiCo stock is still a good purchase.
- Volumes in PepsiCo’s categories are increasing.
P epsiCo reported a 9% year-over-year gain in revenue through early September , but that statistic understates the company’s scorching pace. Organic revenues increased 16% in the third quarter after adjusting for foreign exchange rate changes and divested goods.
This result shows an increase from the 13% rate seen in the year’s first two quarters. Pepsi is also at the top of the packaged goods business. For comparison, McCormick just posted a 6% rise in organic sales.
If you go further...
Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube