PepsiCo Delivers The Fizz In Q2, Sweetens Outlook On Subdued Dollar Headwind

PepsiCo, Inc. (NASDAQ:PEP) shares are trading higher in the premarket session on Thursday, after the food and beverage giant reported second-quarter results.

The company registered second-quarter adjusted earnings per share of $2.12, beating the analyst consensus estimate of $2.03.

Quarterly sales of $22.726 billion (+1% year over year) outpaced the Street view of $22.292 billion.

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“Our international business momentum continued, while our North America businesses improved their execution and competitiveness in key subcategories and channels,” said Chairman and CEO Ramon Laguarta.

Net revenue from PepsiCo Foods North America (PFNA) increased by 1% year over year, PepsiCo Beverages North America (PBNA) remained ...