PepsiCo Inc. (NASDAQ: PEP) reported its financial results for the quarter ended March 21, 2020 today.
PepsiCo posted a 5% decline in earnings for the first quarter of 2020 due to higher costs and expenses despite lower provision for income taxes and higher revenue. The company said there is still a great deal of uncertainty that exists in relation to COVID-19.
Due to the uncertainty, the company’s previous financial outlook regarding fiscal 2020 is no longer applicable. However, PepsiCo believes it has adequate flexibility to meet the needs of its business and return cash to shareholders with a strong balance sheet, highly cash generative business, and ample liquidity.
Past Performance
PEP Q4 2019 Earnings Performance
Pepsico Q3 2019 Earnings Results
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
