Earnings

PepsiCo (PEP) Q2 2021 earnings beat

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Bottles of PepsiCo Inc. brand Pepsi soda for sale at a grocery store in Bagdad, Kentucky, U.S., on Friday, April 9, 2021.

Luke Sharrett | Bloomberg | Getty Images

PepsiCo on Tuesday reported that its quarterly revenue rose more than 20% compared with the prior year as restaurant demand for its drinks returned, fueling an earnings beat.

The company also raised its outlook for its full-year adjusted earnings per share growth.

Shares of the company rose as much as 2% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.72 adjusted vs. $1.53 expected
  • Revenue: $19.22 billion vs. $17.96…



Source cnbc.com

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