Goldman Sachs Expects Pepsico to Beat Q2 Earnings
<p>Goldman Sachs reiterated a Buy rating and $208.00 price target on <a href='https://financialmodelingprep.com/financial-summary/PEP'>Pepsico (NASDAQ:PEP)</a> ahead of Q2/23 earnings (scheduled on July 13), expecting a potential beat on both revenue and profit. </p>
<p>The analysts believe that Pepsico's businesses, particularly FLNA, have strong underlying momentum, and consumer elasticities for PBNA remain resilient despite challenging macro conditions. As a result, the analysts raised the Q2 organic sales growth estimate to 11.1% and increased the EPS estimates by $0.07 to $1.98. </p>
<p>The analysts view Pepsico as a company that executes well, sustains growth through reinvestments, and is well-positioned for outsized growth in the global food and beverage industry, despite more modest industry growth due to fading inflation-led pricing.</p>

NASDAQ:PEP