PEP PepsiCo, Inc.

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PepsiCo Beat Expectations, Provides Mixed Guidance

Thursday, October 8, 2026 · 6:00 AM ET

PepsiCo (PEP) reported earnings of $2.34 per share on revenue of $25.27 billion for the third quarter ended September 2026. The consensus earnings estimate was $2.29 per share on revenue of $24.88 billion. The Earnings Whisper number was $2.32 per share. The company beat expectations by 0.86% while revenue grew 5.59% on a year-over-year basis.

The company said it now expects 2026 earnings of $8.34 to $8.42 per share on revenue of approximately $99.56 billion. The company's previous guidance was earnings of $8.55 to $8.71 per share on revenue of $97.68 billion to $99.56 billion, and the current consensus earnings estimate is $8.56 per share on revenue of $98.86 billion for the year ending December 31, 2026.

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world.

Earnings Whisper Grade
Power Rating
Reported Earnings
$2.34
Earnings Whisper®
$2.32
Consensus Estimate
$2.29
Earnings Surprise
Earnings Growth2.2 %
Reported Revenue
$25.27B
Revenue Estimate
$24.88B
Revenue Surprise
Revenue Growth5.6 %

*Reported earnings and revenue figures shown above, and any guidance given, are preliminary and may be updated upon further review.*

PepsiCo Reports Third-Quarter 2026 Results

Thursday, October 8, 2026 · 6:00 AM ET PEP

Third-Quarter and Year-to-Date Results



  • Net revenue increased 5.6% and 6.7%, respectively


  • Organic revenue increased 3.1% and 2.7%, respectively


  • Earnings per share (EPS) increased 17% and 47%, respectively


  • Core2 EPS increased 2% and 5%, respectively


  • Core constant currency EPS increased 1.5% and 2%, respectively


Guidance



  • Company updates fiscal 2026 financial guidance


    • PURCHASE, N.Y. - October 8, 2026 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for third-quarter 2026.

    “Our third-quarter results featured strong net revenue growth, an acceleration in organic revenue growth with organic volume growth across both global beverages and convenient foods. The results reflect the scale and resilience of the international business, the ongoing evolution of the global portfolio and an improved presence in underpenetrated channels and occasions,” said Chairman and CEO Ramon Laguarta.

    Laguarta continued, “Looking ahead, we remain focused on building upon the strength of the International business while acting with urgency to sustainably improve our performance in North America through more investments in innovation, effective brand building, and sharper marketplace execution by channel. Additional structural cost reduction actions are being identified and will be implemented in the coming months to help fund investments that aim to accelerate organic revenue growth and mitigate the impacts of rising input cost inflation.”

    For the full earnings release, please go here.