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PepsiCo Sees Gains but Tosses Outlook

TheMotleyFool

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PepsiCo (NASDAQ: PEP) announced strong sales in its first-quarter 2020 earnings report today, but decided to pull its full-year guidance as uncertainty about the future remains.

PepsiCo reported a 7.7% increase in net sales during the quarter to $13.88 billion. Adjusted earnings were $1.07, a 10% increase year over year.

Two of its snack brands, Quaker and Frito-Lay, had a 5% increase in North American organic revenue.

Source Fool.com

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