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.

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Source Fool.com