PepsiCo Earnings: The Number Jim Cramer Is Watching
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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