It's nearly time for beverage and snack powerhouse PepsiCo (PEP) to report the results of its second quarter.
On July 10th ahead of the opening bell, the Street expects the New York-based company to deliver $16.08 billion in revenues, pointing at low-single digit sales growth that closely resembles the minimum guided full-year rate of 2.3%. Adjusted EPS consensus of $1.52 suggests that minimal YOY earnings improvement is expected, likely the result of margin contraction that would more than fully offset any benefit from a lower effective tax rate.
On my end, I think the Street is setting expectations a bit too low, and see a top- and bottom-line beat in the horizon.
Source: Just Fun Facts
