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PepsiCo (NASDAQ:PEP) ought to push previous consensus estimates on earnings, selling a pop for the inventory when the corporate studies on April 26, based on Citi.
Fairness analyst Filippo Falorni advised shoppers that scanner information suggests each Pepsi Drinks and Frito Lay gross sales in North America might considerably outpace expectations. Additional, pricing energy is predicted to guard the underside line. Full-year natural gross sales steerage could possibly be due for a increase whereas EPS steerage is more likely to be maintained.
“All collectively, we anticipate these robust outcomes, coupled with doubtlessly raised steerage, will drive the inventory larger,” Falorni concluded.
Learn extra on beverage inflation information.
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