PepsiCo on Monday reported that its quarterly revenue fell after fewer consumers bought its drinks at restaurants and convenience stores amid the coronavirus pandemic.
Pepsi soft drinks are displayed at a convenience store in San Francisco, California.on Monday reported that its quarterly revenue fell as fewer consumers bought its drinks at restaurants or convenience stores amid the coronavirus pandemic.Shares of the company rose 1.8% in premarket trading.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $15.95 billion vs. $15.38 billion expected Pepsi reported fiscal second-quarter net income of $1.65 billion, or $1.18 per share, down from $2.04 billion, or $1.44 per share, a year earlier.
Excluding items, the company earned $1.32 per share, beating the $1.25 per share expected by analysts surveyed by Refinitiv.
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