PepsiCo: Q2 beats consensus
(CercleFinance.com) - PepsiCo has reported Q2 2020 adjusted EPS of 1.
32 dollar, down 11% excluding FX factors, albeit seven cents above the consensus, while net sales exceeded 15.9 billion dollars, down 3.1%.
Sales were almost flat (-0.3%) in organic terms, with the group announcing progress in the performance of its business over the quarter with the gradual lifting of measures to combat the health crisis.
The owner of brands such as Pepsi, Lays and Quaker, however warns that a lot of uncertainty remains about the impact that the pandemic will have, and hence refuses to give any outlook for 2020 at this stage.
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