Pepsi Earnings: 3 Trends to Watch
Pepsi's (NASDAQ: PEP) status as a bedrock beverage and snack food seller usually makes it a favorite stock for investors during tough economic times. But its shares have underperformed so far in 2020, along with those of rival Coca-Cola (NYSE: KO), thanks to the COVID-19 pandemic.
Drinking occasions for brands like Pepsi and Gatorade have plummeted due to the postponement of sporting events, concerts, and most other large social gatherings. That sets up a potentially painful earnings report from the company later this month. Yet shareholders are also due to receive some positive updates in areas like direct cash returns on July 13, when Pepsi announces its results and looks ahead to the second half of fiscal 2020.
Let's take a closer look.
Source Fool.com
