PepsiCo sees strong overseas demand but a lackluster North American performance in the third quarter
- On Thursday, PepsiCo reported third-quarter adjusted earnings of $2.34 per share, beating expectations, but lowered its annual core profit growth forecast to 1% to 2% amid sluggish North American demand.
- PepsiCo CFO Steve Schmitt said efforts to improve growth and margins in North America are "taking more time than we planned," as rising input costs strain financial performance.
- Net sales rose 5.6% to $25.27 billion, with net income reaching $3.05 billion, even as beverage volumes dipped 2% from last year.
- CEO Ramon Laguarta announced the firm will implement additional structural cost reductions in the coming months to fund investments that accelerate organic revenue growth and mitigate input cost inflation.
- Activist investor Elliott Investment Management, which disclosed a roughly $4 billion stake last year, continues pressuring the company while peers including General Mills and Conagra Brands navigate similar industry headwinds.
28 Articles
28 Articles
PepsiCo had a profit of US$ 3.04 billion in the third quarter, high of 17% in the annual comparison. PepsiCo recorded revenues of US$ 25.2 billion between July and September, growth of 5.6% over the same period of 2025. Our results showed strong revenue growth, with acceleration in the billing and organic volumes both in beverages and in food, says Ramon Laguarta, president of PepsiCo, in a note. The company highlights that, in organic terms, re…
PepsiCo reported third-quarter revenue and profit that beat analysts' expectations, driven by growth in international markets, while its North American business continued to weaken. The company also lowered its full-year earnings forecast, CNBC reported.
PepsiCo (NASDAQ:PEP) Releases FY 2026 Earnings Guidance
PepsiCo (NASDAQ:PEP) updated its FY 2026 earnings guidance. The company provided EPS guidance of 8.344-8.425 for the period, compared to the consensus estimate of 8.550. The company also issued revenue guidance of $99.6 billion, compared to the consensus estimate of $98.9 billion.
Coverage Details
Bias Distribution
- 65% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
