PepsiCo advances, sales growth to accelerate

PepsiCo beats on Q1 revenue and earnings, sales growth is expected to accelerate in Q2 as economies reopen.

Trader 3


PepsiCo earnings beat forecasts.

PepsiCo the beverage and snack specialist trades higher after posting better than expected  Q1 earnings and revenue.

Sales grew a faster than expected 6.8% as consumers stacked up on snacks in the pandemic.

Sales growth is expected to accelerate over the coming quarter as economies reopen after the pandemic as more consumers eat out, boosting more profitable onsite trade.

PepsiCo earnings revealed that EPS came in at $121 above the $1.12 forecast. Meanwhile revenue came in at $14.82 billion above $14.55 billion.

The PepsiCo share price is trading higher following earnings with buyers looking towards $145.

Build your confidence risk free

More from Trade Ideas

Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.