
• Reported GAAP EPS of $1.70 up 26.87% YoY • Reported revenue of $19.44B up 8.50% YoY • PepsiCo affirms fiscal 2026 guidance, expecting organic revenue to increase 2-4% and core constant currency EPS to grow 4-6%. The company anticipates total cash returns to shareholders of approximately $8.9B.
Bullish
PepsiCo achieved accelerated net and organic revenue growth with improved convenient foods volume, expanded operating profit and margins, and saw resilience in international businesses.
Bearish
PepsiCo's reported revenue and core operating profit benefited from foreign exchange, while acquisitions and divestitures negatively impacted reported net revenue percentage change, and operating costs increased.