analytics

Pepsi performed well in the second quarter of 2019

This week, PepsiCo Inc. reported a profit for the second quarter. Corporation sales exceeded analysts’ forecasts. Earnings per share (EPS) was $1.54, and the company’s total profit was 3.57 billion more than in the previous report.

We remind that the corporation also includes Lay’s, 7 Up, Mirinda, and other popular FMCG brands.
PepsiCo managed to earn more by moving to smaller drinks, adding new flavors and redesigning packages.
Sales of regular soda Pepsi, as well as Lay’s snacks and Dorito chips, increased significantly.

The company’s net profit increased by 11.8% to $2.04 billion from $1.82 billion in 2018.