PepsiCo reported an increase in third-quarter revenue growth, with a new CFO, Steve Schmitt, set to join the company. Despite activist investor pressure, volumes remained under pressure, but PepsiCo plans to accelerate growth and optimize costs. The company reiterated expectations for low-single-digit organic revenue growth for the year.

Group volumes for PepsiCo fell on average, with declines in North America and international markets. Elliott Management, with a stake in PepsiCo, suggested refranchising and portfolio review. PepsiCo expects EPS to be consistent with 2024 and anticipates Schmitt’s expertise will drive growth and value for shareholders.

Barclays analyst noted that while PepsiCo’s EPS exceeded expectations, organic volumes fell short except in EMEA. The company aims to address slow performance internationally and accelerate growth with Schmitt’s leadership. PepsiCo emphasizes growth acceleration with Schmitt as the new CFO.

Read more at Yahoo Finance: PepsiCo emphasises growth “acceleration” with new CFO on board