PepsiCo (PEP) Tops Q2 EPS by 19c, Raises Outlook

PepsiCo (NASDAQ: PEP) reported Q2 EPS of $1.72, $0.19 better than the analyst estimate of $1.53. Revenue for the quarter came in at $19.22 billion versus the consensus estimate of $17.97 billion.

GUIDANCE:

PepsiCo sees FY2021 EPS of $6.20, versus the consensus of $6.09.

• The Company now expects to deliver 6 percent organic revenue growth (versus our previous guidance of mid-single-digit growth) and 11 percent core constant currency EPS growth for fiscal year 2021 (versus our previous guidance of high-single-digit growth).

For earnings history and earnings-related data on PepsiCo (PEP) click here.

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