The second-quarter earnings season kicks off on Tuesday with better-than-expected earnings results from the beverage and snack giant PepsiCo (NASDAQ: PEP). The company’s net revenue rose 5.2% to $20.23 billion in the second quarter and raised its full-year revenue forecast.
Earnings per share: $1.86 vs. $1.74 expected
Revenue: $20.23 billion vs. $19.51 billion expected
“We are pleased with our results for the second quarter as our business momentum continued despite ongoing macroeconomic and geopolitical volatility and higher levels of inflation across our markets.” – PepsiCo CEO, Ramon Laguarta said.
Moving ahead, there are several other important companies are scheduled to announce Q2 results - https://gulfbrokers.com/en/pepsico-kicks-off-q2-earnings-season