PepsiCo Exceeds Revenue and EPS Estimates, Updates Fiscal 2026 Guidance
PepsiCo (NASDAQ: PEP) reported better-than-expected results for its third quarter with non-GAAP earnings per share of $2.34, surpassing estimates by $0.04. The company also generated revenue of $25.27 billion, a year-over-year increase of 5.6%, which beat forecasts by $310 million. Organic revenue growth was reported at 3.1% for the quarter and 2.7% on an annual basis. The company updated its fiscal 2026 guidance, projecting core constant currency earnings per share to grow by approximately 5.04%, with net revenue expected to rise by about 5.27%. The results reflect PepsiCo's ongoing efforts to accelerate growth amid challenges in the U.S. snacks market and investor pressure for improved performance. Despite positive financial outcomes, analysts have expressed mixed views on the stock’s future potential due to concerns over long-term growth sustainability.
Tickers: $PEP
Topics: Earnings Guidance Update Revenue Growth