Barclays’ Lauren Lieberman on PepsiCo Earnings

Barclays US Equity Research Analyst Lauren Lieberman said PepsiCo’s positive share-price reaction was less a sign of broad optimism than a rebound after a period of weakness. She viewed the company’s acknowledgment that the status quo is not working—and that changes are needed—as the day’s biggest surprise, while its lowered full-year expectations were widely anticipated. She speaks with Romaine Bostick...