Company News: PepsiCo (PEP) quarterly results solidly beat analysts’ expectations

Market news

13 July 2021

Company News: PepsiCo (PEP) quarterly results solidly beat analysts’ expectations

PepsiCo (PEP) reported Q2 FY 2021 earnings of $1.72 per share (versus $1.32 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.53 per share.

The company’s quarterly revenues amounted to $19.217 bln (+20.5% y/y), beating analysts’ consensus estimate of $17.975 bln.

The company also issued upside guidance for the full FY 2021, projecting EPS of ~$6.20 versus analysts’ consensus estimate of $6.09.

PEP rose to $151.84 (+1.56%) in pre-market trading.

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