PepsiCo Stock Climbs on Better-Than-Expected Results
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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 reported better-than-expected quarterly results on Thursday, driven by steady demand for its sodas and snacks in the U.S. and other major markets, including Europe. The Gatorade owner sounded a more upbeat tone in its comments this quarter,
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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.
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 logged higher revenue in the second-quarter despite a small drop in volumes.
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.
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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.
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.