PepsiCo says snacks to ease, not cure its lockdown blues [Reuters]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: Reuters
PepsiCo says snacks to ease, not cure its lockdown blues (Reuters) - PepsiCo Inc ( PEP.O ) warned on Tuesday organic revenue and operating profits would suffer in the second quarter as major buyers of its sodas, such as restaurants, theaters and stadiums, were forced to shut down to help control the spread of the coronavirus. The group beat first quarter revenue estimates helped by a late spike in demand from consumers stocking up on the company’s chips, snacks and cereals to make it through lockdowns, but said it expected second-quarter organic sales to decline at a low single digit rate. The warning mirrored that of rival Coca-Cola Co’s ( KO.N ), last week, which said volumes had fallen 25% globally since the beginning of April, largely stemming from the loss of sales other than at retail stores. Still, the snack and beverage maker said it expected for business at grocery stores to make up for a large chunk of those lost sales, with shoppers expected to keep stockpiling food and
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PEP
News
- PepsiCo (NASDAQ:PEP) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=PEP&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> fromMarketBeat
- PepsiCo (NASDAQ:PEP) was given a new $161.00 price target on by analysts at Piper Sandler.MarketBeat
- PepsiCo Declares Quarterly DividendPR Newswire
- PepsiCo's 2025 Playbook: Can Cost Cuts Fund an Innovation-Led Rebound? [Yahoo! Finance]Yahoo! Finance
- Can Coca-Cola's "All-Weather" Strategy Keep Earnings Bubbling? [Yahoo! Finance]Yahoo! Finance
PEP
Earnings
- 10/10/25 - Beat
PEP
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- PEP's page on the SEC website