The earnings call highlighted significant productivity initiatives and growth in the away-from-home and international segments. However, there are challenges in stabilizing the North American market and weaker performance in China. Overall, the sentiment is cautiously optimistic.

Company Guidance

During PepsiCo's 2025 second quarter earnings call, the company provided guidance on their productivity initiatives and future growth strategies. PepsiCo aims to deliver about 70% more productivity in the second half compared to the first half of the year, focusing heavily on rightsizing assets, particularly in the Frito business, which had excess manufacturing capacity. The company has closed two plants and is strategically managing workforce levels to optimize costs. Additionally, procurement savings and changes to the operating model, enabled by investments in the ERP system, are contributing to this increased productivity. PepsiCo is also driving reinvestment in technology, affordability, and away-from-home consumption to ensure long-term growth. The goal is to achieve a sequential improvement in top-line growth, aiming to reach the low end of their long-term algorithm over the next few quarters, supported by sustained International growth and recovery in the North America segment.

Increased Productivity Initiatives

PepsiCo expects to deliver about 70% more productivity in the second half of the year compared to the first half, driven by investments in technology and cost optimization.

Away-From-Home Business Growth

The away-from-home segment, particularly in beverages, has been a bright spot, with margin accretive growth and high single-digit increases reported.

International Growth

International operations are performing well, with mid-single-digit growth expected to continue, and markets like India showing double-digit growth.

Successful Permissible Snacks Portfolio

PepsiCo's permissible snacks portfolio is now over $2 billion, driven by brands like SunChips, PopCorners, and Simply.

PepsiCo (DE:PEP) Earnings, Revenues Date & History

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DE:PEP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 09, 2025	2025 (Q3)	1.94 / -	1.984	―	―	―
Jul 17, 2025	2025 (Q2)	1.74 / 1.82	1.958	-7.02% (-0.14)	―
Apr 24, 2025	2025 (Q1)	1.28 / 1.27	1.383	-8.07% (-0.11)	―
Feb 04, 2025	2024 (Q4)	1.67 / 1.68	1.529	10.11% (+0.15)	―
Oct 08, 2024	2024 (Q3)	1.97 / 1.98	1.933	2.67% (+0.05)	―
Jul 11, 2024	2024 (Q2)	1.86 / 1.96	1.795	9.09% (+0.16)	―
Apr 23, 2024	2024 (Q1)	1.30 / 1.38	1.288	7.33% (+0.09)	―
Feb 09, 2024	2023 (Q4)	1.48 / 1.53	1.434	6.59% (+0.09)	―
Oct 10, 2023	2023 (Q3)	1.85 / 1.93	1.692	14.21% (+0.24)	―
Jul 13, 2023	2023 (Q2)	1.69 / 1.80	1.598	12.37% (+0.20)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:PEP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 17, 2025	€114.98	€124.96	+8.68%
Apr 24, 2025	€123.67	€119.48	-3.39%
Feb 04, 2025	€143.37	€135.62	-5.40%
Oct 08, 2024	€147.85	€150.34	+1.68%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.