PepsiCo Posts Better-Than-Expected Second Quarter
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PepsiCo’s Q2 earnings surge highlights growth potential with strong pricing power and efficiency-driven tech investments. See more on PEP stock here.
PepsiCo’s stock was having its best day in five years after earnings beat expectations in contrast to a profit miss in the previous quarter.
PepsiCo is planning to highlight what will no longer be in its potato or tortilla chips - artificial colors or flavors - when it re-launches its Lay's and Tostitos brands later this year, executives said on Thursday.
PepsiCo's 4.2% dividend yield and Q2 earnings boost may lead to a short-lived rebound. Read here for key insights on PEP stock for income-focused investors.
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PepsiCo jumped 6.6% after delivering revenue and profit that topped Wall Street’s expectations. The drink and snack giant stood by its financial forecasts given in April, which projected lower full-year profit than previous forecasts due to increased costs from tariffs and a pullback in consumer spending.
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PepsiCo logged higher revenue in the second-quarter despite a small drop in volumes.
The food giant said its Frito-Lay snack division planned to make a line of Cheetos and Doritos with no artificial colors or flavors, as demand falters.
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Ramon Laguarta, PepsiCo CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent earnings, what potential health regulation means for PepsiCo's offerings, and much more.