PepsiCo Q2 2020 Earnings Report
Key Takeaways
PepsiCo reported Q2 2020 results, with performance impacted by the COVID-19 pandemic but demonstrating resilience in the global snacks and foods business. The company is not providing a financial outlook for fiscal year 2020 due to continued uncertainties.
PepsiCo's businesses performed relatively well despite COVID-19 challenges.
Global snacks and foods business showed notable resilience.
Business performance improved as restrictions eased during the quarter.
The company believes it has ample liquidity and flexibility.
PepsiCo
PepsiCo
PepsiCo Revenue by Segment
Forward Guidance
PepsiCo is not providing a financial outlook for fiscal year 2020 due to continued uncertainties associated with the COVID-19 pandemic, but expects a core effective tax rate of approximately 21 percent and total cash returns to shareholders of approximately $7.5 billion.
Positive Outlook
- Expects a core effective tax rate of approximately 21 percent.
- Total cash returns to shareholders of approximately $7.5 billion.
- Dividends of $5.5 billion.
- Share repurchases of $2 billion.
- Expects a 3 percentage-point foreign exchange translation headwind
Revenue & Expenses
Visualization of income flow from segment revenue to net income