PepsiCo's Q2 revenue missed estimates, but better-than-expected earnings led to stock recovery.
PepsiCo missed Q2 sales estimates, but earnings were better than expected and shares bounced back. The company's $22.5B Q2 revenue turned into an organic profit of $2.28/share, with sales up 2% YoY. Despite the revenue shortfall, the stock is still worth buying due to the company's strong performance in key areas, and investors anticipating future growth.
July 14, 2024
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