3 Reasons Why PepsiCo Stock Is a Buy
If there's a pullback in consumer spending, you wouldn't know it by following PepsiCo's (NASDAQ: PEP) latest earnings. The company recently reported accelerating revenue and earnings growth, gushing cash flow, and healthy sales volumes. Management also raised its 2022 outlook thanks to strong overall results through early September.
This performance confirms that investors have been right to flock toward PepsiCo's stock for much of 2022. But it isn't too late for new investors to seriously consider buying this stock too. Let's look at three reasons PepsiCo stock is still a buy.
PepsiCo reported a 9% year-over-year sales increase through early September, but that figure understates its blazing momentum. After adjusting for currency exchange rate shifts and divested products, organic sales rose 16% in the third quarter.
Source Fool.com
