A surge in snack sales helps Pepsico to beat Q2 earnings

Pepsico (PEP) company reported its earnings today and the stock soars higher after earnings beat. The stock market, today saw a records move as the Dow is up by over 400 points. The company reported a surge in snack sales, the need for caffeine plus sugar that consumers are craving for as they work from home. Quaker oats sales were up 23%, and that shows that the pandemic has been good to Pepsico. 

Pepsico Q2 revenue for North America 

• Frito-Lay - sales up 7%
• Quaker Foods. Sales up. 23 percent 
• Adjusted Earnings per shares: $1.32 vs $1.25 estimate 
• Revenue came in at $15.95B vs $15.38B estimate 
• Frito-Lay and Quaker oats post jump in U.S. sales, while beverage slides

Pepsico (PEP) is trading at $136.84 per share, the stock is up 1.77 percent today. Pepsico is a beverage and snack giant with distribution across not America and some parts of the world. The company reported quarterly earnings of $1.32 per share, caused by a 4% jump in organic sales of its snack offerings.  

The company did not issue any financial guidance for feature earnings.

Pepsico Global brand product

•  
• Pepsi Soda
• Classic potato chips – Frito-Lays
• Mountain Dew
• Doritos
• Gatorade
•  Tropicana Orange Juice
• Quaker oats
• Lipton drink
• Starbucks ready-made drinks
• Aquafina
• Ruffles chips
• Cheetos Chips
• Brisk drinks
• Tostitos
• Fritos’
• Diet Pepsi
• Sierra Mist
• Mirinda

Pepsico 2020 Q2 earnings link