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PepsiCo Q2 Earnings Were Softer Than Expected Due To Volume Pressure: Goldman Sachs
PEPPepsiCo(PEP) Benzinga·2024-07-12 02:05

Loading... Loading... Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating on the shares of PepsiCo Inc PEP with a price target of $195. PEP delivered mixed second-quarter results, with softer-than-expected organic revenue growth that was more than offset by strong gross margin expansion, leading to an EPS beat, said the analyst. According to the analyst, organic volumes were under a bit more pressure than expected, down -3%, and were sequentially lower. The Frito Lays North America segment results w ...