Investing.com - PepsiCo (NASDAQ:PEP) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.86 on revenue of $20.23B. Analysts polled by Investing.com expected EPS of $1.74 on revenue of $19.51B. .
For the year, PepsiCo shares are down 1.82%, outperforming the S&P 500 which is down 19.13% year to date.
PepsiCo follows other major Consumer Staples sector earnings this month
On June 30, Constellation Brands B reported first quarter EPS of $2.66 on revenue of $2.36B, compared to forecasts of EPS of $2.52 on revenue of $2.17B.
General Mills earnings beat analyst's expectations on June 29, with fourth quarter EPS of $1.12 on revenue of $4.89B. Investing.com analysts expected EPS of $1.01 on revenue of $4.8B
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