A Surge In Snack Sales Helps Pepsico To Beat Q2 Earnings

[Admin]

Pepsico (PEP) company reported its earnings today and the stock soars higher after earnings beat. The stock market, today saw a records move as the Dow is up by over 400 points. The company reported a surge in snack sales, the need for caffeine plus sugar that consumers are craving for as they work from home. Quaker oats sales were up 23%, and that shows that the pandemic has been good to Pepsico.


Pepsico Q2 revenue for North America

source: https://www.investingport.com/a-surge-in-snack-sales-helps-pepsico-to-beat-q2-earnings/

 

[Melvin]

Wow! thats amazing i didn't know a rise in snack sales could increase pepsico's earnings, looks like this pandemic boosted sales rate of some of companies/organisations afterall while most people think it only brings losses or bankruptcy. lol guess it works in both ways