Yahoo Finance Pepsi reports earnings — What to know in markets Friday
On Friday, PepsiCo (PEP) will face its moment of truth when it reports Q4 earnings before the opening bell.
PepsiCo’s biggest rival Coca-Cola (KO) got hammered during Thursday’s trading session after the global beverage giant reported weak guidance following its Q4 earnings report. Shares of Coca-Cola had their worst one-day performance in over a decade on Thursday and breached a key support level on a technical basis. The steep selloff in the stock shocked both Wall Street and investors alike.
Coca-Cola cited a strong dollar, slowing global economic growth, changing tax rates, and the Fed as headwinds in 2019. Despite the long list of problems from management, the dip in the company’s signature fizzy soda sales may be pointing to the growing concern that consumers are shifting toward healthier beverage options. Organic revenue increased by 5% from last year.
The Oracle of Omaha, Warren Buffett, a long-time investor in the soda company, acknowledged in May that Coca-Cola is not what it was a decade ago. On the back Coca-Cola earnings, investors will closely watching Pepsi’s report.
Analysts polled by Bloomberg are expecting Q4 earnings of $1.49 per share on $19.50 billion in revenue for PepsiCo.
Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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