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 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.
Visualization of income flow from segment revenue to net income