GoKawiilPepsiCo surpasses Q3 expectations driven by international growth, cuts full-year forecast
PepsiCo reported a 5.6% increase in net sales for the third quarter, with international markets contributing 41% of revenue so far this year. Despite growth abroad, its North American beverage division shrank, prompting the company to lower its full-year earnings outlook. CEO Ramon Laguarta is scheduled for an exclusive CNBC interview at 10 a.m. ET.