Here's What Investors Should Know Heading Into PepsiCo's Q3 Earnings
PepsiCo's (NASDAQ: PEP) business is demonstrating resilience during the pandemic. At the onset, the company's snack segment bolstered revenue thanks to more folks staying at home and needing something to snack on. That helped offset declining beverage sales from places that people were avoiding, like restaurants and indoor entertainment venues.
While the pandemic is far from over, a robust worldwide vaccination campaign has given folks the confidence to again leave their homes and venture into group settings. As a result, sales in away-from-home channels that suffered early in the pandemic are now recovering. Still, it's not time for PepsiCo management to celebrate. Several challenges remain, including supply chain bottlenecks worldwide and rising costs for commodities and labor.
Here's what investors should know heading into PepsiCo's third-quarter earnings report, scheduled for Tuesday, Oct. 5.
Source Fool.com
