PepsiCo Q2 EPS Adj. $2.09 Beats $1.96 Estimate, Sales $22.32B Beat $21.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
PepsiCo's Q2 earnings per share (EPS) and sales have surpassed analyst estimates. The EPS was $2.09, beating the estimate of $1.96 by 6.63%, and sales were $22.32 billion, beating the estimate of $21.73 billion by 2.72%. These figures represent a 12.37% increase in EPS and a 10.36% increase in sales compared to the same period last year.
July 13, 2023 | 10:01 am
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POSITIVE IMPACT
PepsiCo's Q2 results exceeded analyst expectations, with both EPS and sales showing significant YoY growth. This could potentially boost investor confidence and positively impact the stock price in the short term.
PepsiCo's Q2 results exceeded analyst expectations, which is typically a positive signal to investors and can lead to an increase in stock price. The significant YoY growth in both EPS and sales further strengthens this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100