PepsiCo beats earnings estimates

PepsiCo posted revenue of $19.44 billion for the January-March period, an 8.5% increase from the previous year.

The soda and snacks giant benefited from resilient demand for its diet beverages and a recovery in its salty snacks segment following targeted price cuts.

Despite the strong performance, executives warned that the ongoing Iran war could lead to higher operational costs and future inflation.

The company reaffirmed its full-year 2026 outlook, maintaining its position as a top performer in the beverage and snack industry.