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Earnings Data
Report Date
Oct 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
2.3Last Year’s EPS
2.29Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights solid top-line momentum driven by international strength, recovering global volumes, EPS growth, strong productivity and continued portfolio transformation. However, meaningful near-term headwinds remain in North America (PFNA flat volumes, PBNA margin pressure) and in impulse channels affected by higher gasoline prices and commodity inflation. Management reaffirmed full-year guidance, expects tariff refunds and additional productivity to help offset pressures, and outlined clear tactical optimizations for the second half.Company Guidance
Top-line and Volume Growth
Company reported nearly 7% net revenue growth in the first half of FY2026; global volume growth of +3% in foods and +2% in beverages (fastest volume growth since 2022). U.S. foods returned to volume growth and gained share in the category.
International Strength and Scale
International business accelerating (~7% growth called out), on track to cross $40 billion in revenue this year; international beverage volumes represent ~2/3 of total company volumes and international foods >50%. International operating margin grew by ~1 full percentage point in Q2, indicating top-line and margin resilience.
Earnings and Guidance Reaffirmation
Reported EPS grew ~6% in the first half, constant currency EPS +3%. Management reaffirmed full-year guidance (though possibly toward the low end) and expects tariff refund claims to contribute roughly 1.0 percentage point of EPS growth for the year.
Productivity and Cost Transformation
Record productivity delivered in H1 with additional productivity planned to fund growth investments. Ongoing supply-chain pilots (e.g., combined mixing centers in Texoma) showing positive early results to lower cost basis and improve distribution efficiency.
Portfolio Transformation and Innovation
Permissible and portion-control portfolio growing (permissible portfolio ~$3 billion and growing at nearly double-digit rates); momentum in no-sugar beverages, functional hydration, energy and new food platforms (e.g., Doritos Protein, Naked). Recent acquisitions (Siete, poppi) are performing well after initial integration issues were resolved.
Operational Execution Plans
Affordability investments, trade tactics and away-from-home initiatives remain key pillars; management expects additional shelf/space gains and scaling of successful innovations through the second half of the year.
PEP Earnings History
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
PEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jul 09, 2026 | $142.51 | $137.86 | -3.26% |
Apr 16, 2026 | $153.24 | $156.73 | +2.28% |
Feb 03, 2026 | $152.22 | $159.73 | +4.93% |
Oct 09, 2025 | $134.86 | $140.56 | +4.23% |
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.
FAQ
When does Pepsico (PEP) report earnings?
Pepsico (PEP) is schdueled to report earning on Oct 13, 2026, Before Open (Confirmed).
What is Pepsico (PEP) earnings time?
Pepsico (PEP) earnings time is at Oct 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PEP EPS forecast?
PEP EPS forecast for the fiscal quarter 2026 (Q3) is 2.3.
