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PepsiCo Beats Q3 Earnings Estimates; Snack Sales Surge in India, Walmart's Steve Schmitt Named New CFO

PepsiCo's Q3 adjusted EPS rose to $2.29 and revenue hit $23.9 billion despite a 4% drop in U.S. snack volumes and activist investor pressure for strategic changes.

  • On Thursday, PepsiCo reported Q3 2025 results with adjusted EPS of $2.29, edging past estimates, and net revenue of $23.9 billion.
  • Sticky inflation, higher prices and GLP-1 weight-loss drugs have reduced snack and soda purchases, causing North American consumers to buy less as organic sales rose just 1.3%, missing the ~2% target.
  • PepsiCo said North American Foods volumes fell 4% and North American Beverages volumes dropped 3% in Q3, while Europe/Middle East/Africa organic revenue rose ~5.5% and margins declined about 60 basis points.
  • The company said Steve Schmitt will become EVP and CFO effective November 10, 2025, with Caulfield transitioning to advisory through May 15, 2026, and Laguarta praising Schmitt's proven results.
  • Activist investor pressure has intensified as Elliott Investment Management disclosed a $4 billion stake urging a bottling spinoff; PepsiCo says it is in `active dialogue`, touting productivity and over $2 billion from its permissible snack portfolio, while investors watch U.S. sales and cost cuts.
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20 Articles

FortuneFortune
Center

PepsiCo taps Walmart veteran as CFO, bets big on beverage revamp

Open the article to view the coverage from Fortune

·New York, United States
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foodnavigator.comfoodnavigator.com
Lean Left

PepsiCo to invest in functional health and appoint new CFO following Q3 earnings

PepsiCo beat analysts expectations in some areas, but still saw decline in its North American foods business. To combat this decline, it aims to invest in functional health, with a focus on protein and fibre

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The Motley FoolThe Motley Fool
Lean Left

Franklin Street Advisors Buys $27 Million in PepsiCo Stock as Earnings Beat Forecasts @themotleyfool #stocks $PEP

·Alexandria, United States
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Live MintLive Mint
Center

PepsiCo beats Q3 earnings estimates; snack sales surge in India, Walmart's Steve Schmitt named new CFO

PepsiCo's Q3 2025 results exceeded Wall Street expectations, with net revenue at $23.94 billion. The company appointed Steve Schmitt as CFO and noted strong global snack sales, amid plans to slash costs.

·New Delhi, India
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The Globe & MailThe Globe & Mail
Center

PepsiCo tops earnings estimates on steady demand for snacks and sodas, names new CFO

Company has faced pressure from activist investor Elliott Management and faced pushback on price hikes and synthetic flavours

·Canada
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U.S. NewsU.S. News
Lean Left

Earnings call transcript: PepsiCo beats Q3 2025 forecasts, stock rises

·New York, United States
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Chief Executive Officer North America broke the news in on Thursday, October 9, 2025.
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