Pepsico: A notable level of resiliency in our global snacks and foods business
Core organic revenue declined 0.3%
Bild von Daniel Reche auf Pixabay
For the second quarter 2020, core earnings per share was $1.32 compared to $1.54, a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.25 for the quarter. Analysts' estimates typically exclude special items.
Second quarter net revenue was $15.95 billion compared to $16.45 billion, previous year. Core organic revenue declined 0.3%. Analysts expected revenue of $15.38 billion, for the quarter.
PepsiCo CEO, Ramon Laguarta, said: "Despite being faced with significant challenges and complexities as a result of the COVID-19 pandemic, our businesses performed relatively well during the quarter, with a notable level of resiliency in our global snacks and foods business." (dpa)
Most read news
Other news from the department business & finance
Get the food & beverage industry in your inbox
From now on, don't miss a thing: Our newsletter for the food & beverage sector brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.