PepsiCo Inc. (NASDAQ: PEP) reported second quarter 2020 earnings results today.
Revenues declined 3.1% to $15.9 billion. Reported EPS fell 18% to $1.18 while core EPS amounted to $1.32.
Due to the uncertainties surrounding the coronavirus pandemic, the company is not providing guidance for fiscal year 2020. The company expects a 3% foreign exchange translation headwind to negatively impact reported net revenue and core EPS performance based on current market rates.
Also read: PepsiCo gains more from its snacks business than its beverages business
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Click here to read the full transcript of PepsiCo Q2 2020 earnings conference call