Consumers Are Still Thirsty For Pepsico
July 09, 2019 at 13:21 PM EDT
PepsiCo shares rallied Tuesday after the company’s second-quarter earnings beat estimates. Earnings per share were $1.54, adjusted, vs. $1.50 expected. Healthier snacks and Bubly sparkling water helped drive incremental sales growth and offset a drag from foreign exchange. PepsiCo CFO Hugh Johnston...
