PepsiCo IncPEP
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Evercore expects PepsiCo to miss Q2 earnings due to consumer slowdown from rising gas prices and poor weather, lowering organic sales growth forecast.
Impact on stocks 1
Consumer Staples
PepsiCo IncEvercore ISI expects PepsiCo to report second-quarter results below consensus estimates. The firm models organic sales growth of 2.3 percent versus the 2.8 percent consensus and an operating margin hit by cost inflation, with an earnings per share estimate of two dollars and eighteen cents against a two dollar and twenty cent consensus. Analyst Robert Ottenstein cited a consumer slowdown from mid-April due to rising gas prices and uncertainty, along with poor weather, and flagged potential cost headwinds from aluminum and fuel prices. PepsiCo has beaten earnings per share estimates in fifteen of its last sixteen quarters, so a rare miss could unsettle investors. The company reports on July 9 before the market opens.
PepsiCo IncEvercore expects PepsiCo to miss Q2 earnings due to consumer slowdown from rising gas prices and poor weather, lowering organic sales growth forecast.