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Do Pepsi Earnings Predict Coca-Cola Results?

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Coca-Cola Company The NYSE:KO, Pepsico, Inc. NYSE:PEP - Do Pepsi Earnings Predict Coca-Cola Results?

PepsiCo, Inc. PEP 0.44% reported yet another earnings beat on Monday on mostly in-line revenue for Q1. But what, if any, of an impact does Pepsi’s numbers have on The Coca-Cola Co KO 0.61% and its stock?

To start off, Pepsi’s beat was on the strength of its North American business, not its international business. In fact, CEO...