Find Out How This Sugary Beverage Company Has Adapted To A More Health-Conscious Market
Photo by: igorovsyannykov
Pepsico, Inc. (PEP)
Consumer Staples – Beverages|July 10th BMO
Pepsico, Inc. is set to release their FQ2’18 earnings July 10th before the market opens. Estimize consensus predicts an EPS of $1.54, three cents higher than Wall Street’s prediction. Estimize has beaten Wall Street in Pepsi EPS projections 92% of the time. Estimize anticipates a revenue of $16.201B while Wall Street expects $16.125B.
Pepsi has tried to adapt to a decreasing demand for sugary drinks. Now almost half of Pepsi’s products are zero or low-calorie beverages. The company has also expanded to the snack market. They have acquired many smaller health-focused snack and drink brands whose successes have been able to offset some of the losses caused by the decline of Pepsi’s main products. Additionally, the “Uncle Drew” movie funded by Pepsi and starring a character from one of its commercials has done surprisingly well in the box office and they are hoping that translates to an increase in soda sales.
Disclosure: There can be no assurance that the information we considered is accurate or complete, nor can there be any assurance that our assumptions are correct.