PepsiCo Earnings: The Number Jim Cramer Is Watching

Jim Cramer weighs in on Pepsi ahead of earnings.
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Is Pepsi okay?

Jim Cramer says it is. In fact, he's looking forward to the earnings report so that investors can better understand how Frito-Lay's business is looking. 

And Cramer's not the only one. 

In an earnings preview on Pepsi, Credit Suisse analysts wrote, "Pantry loading and increased at-home food consumption likely the biggest swing factors of PepsiCo’s results this year...PepsiCo’s dominant position in salty snacks and highly efficient direct-to-store delivery (DSD) system are driving continued robust sales for Frito-Lay, helping offset softer trends in soft drinks."

RBC analysts also penned a note on PepsiCo ahead of earnings.

"After a complete review of our model and assessing PepsiCo’s strategic direction under CEO Ramon Laguarta, we believe the company will be able to deliver better long-term revenue and profit growth than we had previously assumed. Investments behind marketing, digital, and infrastructure should start to pay dividends. We believe the recent sell-off of PEP provides an attractive entry point for a long-term compounded," analysts wrote in their investment summary. 

Watch the full video above for Cramer's full take.

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