PepsiCo's 'Modest' Q2 Earnings Beat Driven by Below-the-Line Items, UBS Says
() -- PepsiCo's (PEP) "modest" fiscal Q2 earnings beat was driven by below-the-line items rather than stronger organic sales or margins, but UBS Securities said the company remains well positioned relative to peers despite a slower long-term growth outlook. The investment firm said in a Thursday note that organic sales