PepsiCo Earnings: The Takeaways
Investors had high expectations heading into PepsiCo's (NASDAQ: PEP) second-quarter earnings report. While costs are rising and consumer confidence is weakening, the beverage and snack giant has found it relatively easy to boost sales and profits through most of 2022. Wall Street was hoping to see continued signs of expanding revenue into the second half of the year.
Pepsi's Tuesday morning report lived up to the hype. The company boosted sales volume even as its prices jumped. Profit margins weren't hurt much by rising costs, either. And Pepsi raised its already bullish full-year 2022 outlook.
Let's dive right in.
Source Fool.com
