It’s the second straight earnings day surprise this year for the usually steady-as-she-goes PepsiCo.
Shares of the beverage and snacks giant popped 3% in pre-market trading on Thursday amid strong top and bottom line beats in its second-quarter earnings report. The company benefited from price increases on its various lines of products and new innovations in the Frito-Lay division.
Similar to when the company last reported, it materially hiked its full-year outlook, as to suggest the momentum in the business will be sustained.
“Our strong performance and the progress we are making on our strategic priorities gives us confidence that investments we are making to become an even faster and stronger and even better organization by winning with Pepsico Plus are working,” PepsiCo CEO Ramon Laguarta said in a statement.
Laguarta’s long-time colleague and CFO Hugh Johnston will be on Yahoo…
