PepsiCo's Q2 earnings beat Wall Street expectations despite sluggish U.S. sales
Sales of Frito-Lay and other snacks fell 1% in North America during the April-June period, PepsiCo said Thursday, while beverage sales were down 2% in the region. But sales rose in some other regions, including Latin America and Asia.
Revenue rose less than 1% to $22.7 billion in the April-June period. That was higher than the $22.3 billion Wall Street forecast, according to analysts polled by FactSet.
PepsiCo's net income fell 59% to $1.3 billion. Adjusted for one-time items, PepsiCo earned $2.12 per share. That was also higher than the $2.03 analysts forecast.
PepsiCo shares rose more than 2% in premarket trading Thursday.
PepsiCo lowered its full-year earnings expectations in April, citing increased costs from tariffs and a pullback in consumer spending. The company reaffirmed that guidance Thursday.
tariff on imported aluminum from 25% to 50%.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Will ONE Gas (OGS) Beat Estimates Again in Its Next Earnings Report?
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider ONE Gas (OGS). This company, which is in the Zacks Utility - Gas Distribution industry, shows potential for another earnings beat. This natural gas distribution has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 3.89%. For the most recent quarter, ONE Gas was expected to post earnings of $1.98 per share, but it reported $1.85 per share instead, representing a surprise of 7.03%. For the previous quarter, the consensus estimate was $1.33 per share, while it actually produced $1.34 per share, a surprise of 0.75%. Price and EPS Surprise For ONE Gas, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. ONE Gas has an Earnings ESP of +4.76% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 5, 2025. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ONE Gas, Inc. (OGS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Insider
3 hours ago
- Business Insider
Ocean Power signs reseller agreement in Mexico
Ocean Power (OPTT) announced the signing of a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets. This partnership expands OPT's commercial footprint across Latin America. The agreement also includes a $3M purchase commitment for OPT's WAM-V Unmanned Surface Vehicles. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Bloomberg
4 hours ago
- Bloomberg
HSBC, Standard Chartered Tested by Geopolitical Woes as Valuations Climb
By , Justina T Lee, Harshita Swaminathan, and Reina Sasaki Save How HSBC Holdings Plc and Standard Chartered Plc have managed to cope with uncertainty on trade and interest rate trajectories will be on display in next week's earnings. Momentum in wealth management and cost savings will be key for HSBC's growth amid risks from President Donald Trump's tariffs, which threaten the bank's Asia-focused global trade business model, according to Bloomberg Intelligence. Similarly, Standard Chartered's wealth-management performance, efficiency efforts and the resilience of its cross-border network revenue to tariff and trade risks have provided support, BI said in a separate note.
