Shares of PepsiCo (NASDAQ:PEP) moved higher by 1.6% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 30.30% year over year to $1.72, which beat the estimate of $1.53.
Revenue of $19,217,000,000 higher by 20.52% from the same period last year, which beat the estimate of $17,960,000,000.
Outlook
PepsiCo hasn’t issued any earnings guidance for the time being.
PepsiCo hasn’t issued any revenue guidance for the time being.
Details Of The Call
Date: Jul 13, 2021
Time: 08:15 AM
ET Webcast URL: https://www.pepsico.com/investors/financial-information/quarterly-earnings
Technicals
52-week high: $150.69
Company’s 52-week low was at $128.32
Price action over last quarter: Up 5.37%
Company Description
PepsiCo is one of the largest food and beverage companies globally. It makes, markets, and sells a slew of brands across the beverage and snack categories, including Pepsi, Mountain Dew, Gatorade, Doritos, Lays, and Ruffles. The firm uses a largely integrated go-to-market model, though it does leverage third-party bottlers, contract manufacturers, and distributors in certain markets. In addition to company-owned trademarks, Pepsi manufactures and distributes other brands through partnerships and joint ventures with companies such as Starbucks. The firm segments its operations into five primary geographies, with North America (comprising Frito-Lay North America, Quaker Foods North America, and North America beverages) constituting over 60% of consolidated revenue.
