Investors found plenty to like about the latest earnings report from PepsiCo (NASDAQ: PEP). Sales growth is accelerating, market share is up, and a revamped cost-cutting program promises to push margins higher over the next few years.
In a conference call with investors, CEO Ramon Laguarta and his team explained why they believe they can keep winning market share from Coca-Cola (NYSE: KO) and from rivals in the snack and packaged foods niches in 2021 and beyond. Let’s look at some highlights from that second-quarter presentation.