What Pepsi’s Strong Second Quarter Could Mean for Coca-Cola’s Earnings
PepsiCo (NASDAQ: PEP) and Coca-Cola (NYSE: KO) stocks have been on separate paths since the COVID-19 pandemic scrambled consumer demand in 2020. Both businesses were hurt in April as crowded events like sports and concerts were canceled and on-the-go snacking opportunities plunged.
Pepsi recently demonstrated that the demand hit wasn't as bad as many investors feared. But there are some key differences between the two rivals that suggest Coca-Cola will have worse news for its shareholders when it announces second-quarter results on July 21.
Let's take a closer look.
Source Fool.com
