PepsiCo: Remains Attractive Following Its Q3 Earnings Beat

Summary:

  • PepsiCo reported Q3 results that beat expectations.
  • The management team paired the beat with a favorable revision to full-year earnings guidance.
  • Though volume trends continue to disappoint, robust strength in PEP’s international business is providing a valuable offset.
  • I maintain a bullish view on PEP following current results and its recent weakness over the last six months.

Doritos Cool Ranch

Spauln

PepsiCo (NASDAQ:PEP) just reported Q3 results that beat expectations. In prior coverage on the stock, I have maintained a bullish view due in part to continuing strength in their Frito-Lay division and its growing revenue parity with


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *