PEP – PepsiCo: Another Quarter Of Industry-Leading Growth, It’s A Buy

Can and glass of Pepsi cola


PepsiCo (NASDAQ:PEP) announced its Q1-23 results that beat expectations, reporting 10.2% revenue growth (14.3% organic) and $1.5 EPS, representing 3.3% and 8.0% beats, respectively. The company is showing signs of easing inflation and continues to demonstrate immense pricing power, as gross margins came in at 55.2%, near its all-time highs. Despite being the