PepsiCo Reports Higher Revenue and Earnings but Shares Fall Near 52-Week Low
Despite reporting higher second-quarter revenue and earnings, PepsiCo's stock fell over 3% following the results. While net revenue rose by 6%, core EPS only increased slightly to $2.20 per share. Concerns arose from a decline in North American snack sales.
Topics: GAAP vs. non-GAAP earnings net income revenue stock performance