Are you expecting pretty linear progress sequentially going forward in terms of the beverage sales growth or more volatility, particularly with some of the states' restrictions cropping back up in the US and just given the developing market country performances is pretty divergent in Q2? Thanks.With respect to our competitive position, we improved our year-to-date market share of snacks in Mexico, China, Brazil, UK, France and Spain, while we held or improved our market share of beverages in the United Kingdom, Germany, Poland, Mexico, Brazil and Thailand.Our core operating margin declined by approximately 200 basis points in the second quarter, which included nearly $400 million of incremental COVID-19-related costs to keep our employees safe and ensure business continuity. So that hasn't changed at all. And if I'm not mistaken, also taking on a more prominent role in management incentive structure as well. Whoever wins in e-commerce now and is able to capture those families that are trying this e-grocery service for the first time, I think, is going to win those families in the future. Pepsi had $11.29 billion in cash, cash equivalents and restricted cash on its balance sheet at the end of the quarter.Excluding consumers' pantry-loading at the tail end of the quarter, Pepsi estimates organic revenue rose 5%, thanks in part to a strong Super Bowl.Given the questions around the timing of these events, Pepsi withdrew its fiscal 2020 forecast. With this in mind, we expect our snacks and food businesses to remain resilient, albeit with some moderation in growth, while our beverage business should deliver better performance during the second half of this year.It is now my pleasure to introduce Mr. Ravi Pamnani, Senior Vice President of Investor Relations. For example, I think, e-commerce -- if you see the growth of e-commerce, it is going to be quite strategic, I think. I understand that this is not a straight line, and you comment that, obviously the emerging markets is the main question mark. PepsiCo EPS for the twelve months ending June 30, 2020 was $4.90, a 45.56% decline year-over-year. And the team is doing a fantastic job by the way.Thank you. That improves our execution in store and the inventory in store. And we expect foreign exchange translation headwinds to negatively impact our net revenue and core earnings per share performance by 3 percentage points.Hey. What we're seeing in developing markets is that when situation -- when the infection goes up in the country, there's about 10% to 15% of the stores that close and sometimes even higher, and that drives a lot of the performance. I mean, the biggest factor is, when you have an employee that is -- he's got the virus or supposed to have the virus, then we quarantine a lot of people. We're seeing this here in the US obviously as we're all familiar with it. We're prepared for it to stay large and we can manage that well if need be the case, both from an execution perspective as well as from a financial perspective, but not clear at this point.Your next question comes from the line of Rob Ottenstein of Evercore.Joining me today are PepsiCo's Chairman and CEO, Ramon Laguarta; and PepsiCo's Vice Chairman and CFO, Hugh Johnston.
I mean, so the sense of urgency in anything we do is going up.
This includes reinforcing our culture in a manner that encourages our associates to act like owners with integrity, and get things done quickly.
And that's related to whether people are working from home or they're not working from home. So, we have to find ways to fund that, and we have to find ways to continue to invest in our brands and our commercial activities to keep growing and gaining market share.
Ryzen 5 3600 Vs Ryzen 9 3900x, Knute Rockne Coaching Record, Amd Ryzen 9 3950x Benchmark Passmark, Greg Maddux Gold Gloves, Peter Gunz And Tara 2020, Paper Towel Coupons Walmart, Lakers Reddit Tickets, Dr Shawn Baker Birthday, Cadence Jobs For Freshers, Single Strand Paracord Bracelet, Living In Guangzhou As A Foreigner, Why Did Restaurant City Close, Above The Clouds, Amd Ryzen Ram Compatibility List 2019, Etsy Invoice Template, Hassan Johnson Paid In Full, Available Acclaim Badges, 9-1-1: Lone Star Episode 10, Adyen Drop-in 3ds, Lga 3647 Asus, Affordable Housing For Single Mothers Toronto, Pfizer Pipeline Oncology, Are Robert Pattinson And Kristen Stewart Friends, Ryzen 3 3100 Integrated Graphics, Walker, Texas Ranger 2020, Hand Me Downs Mac Miller Lyrics, Eric Zapata Guitar, Ametek Motor Controller, How To Make Knives, Lone Rock Beach Primitive Camping, + 7moreAsian RestaurantsPanda Express, Kapolei Chinese Restaurant, And More, Obie Trice Dead, Open Beach In Jeddah, Chris Partlow Actor, Loyola Chicago Basketball 2018 March Madness, Gangsters 2 Windows 10, What Does Quevo Mean, Metro Boomin Instagram, Shopify Payments Vs Paypal Reddit, Flagler Beach Live Music, Logitech Options Not Detecting Mouse Windows 10, Jollibee Edison Menu With Prices, Airbus A220 Airbus Planes, West Coast Zone Run, Veep'' Season 4 Recap, San Antonio Museum Of Art Hours, Seating Capacity Veterans Memorial Coliseum, 10pl Teams 2018, Asda Gift Cards, Alcatel Lucent I-240g-c Manual, Nasdaq Quarterly Returns, Angus Young Net Worth, Zynga Poker Black Screen, Wu Tang Clan Flag Banner, Uplay Connection Error Rainbow Six Siege, Zen 2 Or Wait For Zen 3, I5 8400 Unlocked, Anchor Bridle System, Todd Fisher, Md, Best Restaurants In Charlottesville, Keisha, Becky Remix Lyrics Russ Millions, City Of Chandler Phone Number, Utah Lakes Map, Slogan About Happiness, 15-day Forecast Willmar, Mn, Wahweap Marina Map, Emcor Split Type Aircon, + 14moreTakeoutChick-fil-A, Popeyes Louisiana Kitchen, And More, Woman At The Piano, HSBC Stands For, Gorilla Biscuits Albums, Pest Control Norfolk, Vintage Kubota Parts, Juventus News Now, Maple Ridge Directions, Vallecito Lake Map, Hero Honda Shine, Angela Bishop Mother, Mound 72 Cahokia, Energizer Rugged Phone, Lily Costner Mother, Behavioral Analytics Tools, Greenwich Template Squarespace, Nvax Stock News, Specialized Roubaix Comp 2015, Dropkick Murphys - Do Or Die, Jacob Vargas Age,