Pepsi announced second quarter earnings Wednesday that beat Wall Street expectations. The company, which also owns snack company Frito-Lay and beverage brands Tropicana, Mountain Dew and Gatorade, among others, reported revenue of $16.8 billion and net income of $2 billion, both increases over the prior year’s figures.
Pepsi is currently under attack from activist investor Nelson Peltz, who wants the company to separate its soft drink and snack business. Pepsi is against such a move.
Below is a pretty sweet chart that highlights some key items from Pepsi’s earnings report.
- Chris Froome won the Tour de France. He's the first Brit to win the cycling race three times 🚴