PepsiCo Posts Q3 Beat, Plans New CFO Amid Pressure from Elliott

PepsiCo reported higher quarterly profit and revenue, surpassing Wall Street expectations, driven by strong beverage and snack sales across key markets. The company also announced the appointment of a new Chief Financial Officer, following shareholder pressure for governance and operational reforms. Analysts said the leadership change underscores PepsiCo’s focus on margin expansion, cost optimization, and sustainable growth, reinforcing investor confidence in its long-term strategic direction.