PepsiCo affirms FY26 financial guidance

For 2026, the Company continues to expect: Organic revenue to increase between 2 and 4 percent; Core constant currency EPS to increase between 4 and 6 percent; A core annual effective tax rate of approximately 22 percent; Capital spending to be below 5 percent of net revenue; A free cash flow conversion ratio of at least 80 percent; and Total cash returns to shareholders of approximately $8.9 billion, comprised of dividends of $7.9 billion and share repurchases of $1.0 billion.