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2 Reasons PepsiCo's Q3 Earnings Were Good News for Coca-Cola

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2 Reasons PepsiCo's Q3 Earnings Were Good News for Coca-Cola

PepsiCo (NASDAQ: PEP) reported fiscal third-quarter earnings earlier this week, and some of the details in it could bode well for Coca-Cola (NYSE: KO). PepsiCo had another excellent quarter of revenue growth -- so much so, that it raised expectations for fiscal 2021. Coca-Cola is scheduled to report its fiscal third-quarter results on Oct. 27.

While PepsiCo manufactures and sells snacks and beverages, the companies are exposed to similar macroeconomic forces. Therefore, a trend that benefits PepsiCo is likely to benefit Coca-Cola, albeit to a different degree.

Image source: Getty Images.

Source Fool.com

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