PepsiCo Reports Q3 2026 Earnings with Strong International Growth but Revises Down Guidance
In its third-quarter earnings report for fiscal year 2026, PepsiCo reported net revenue of $25.27 billion, a 5.6% increase driven by acquisitions and organic growth. Organic revenue rose 3.1%, with strong performance in international markets where revenue grew 8%. International operating margin expanded significantly, contributing to nearly half of the company’s year-to-date profit. Despite these gains, PepsiCo revised its full-year core EPS guidance downward from a projected range of 5%–7% to now expect growth between 2.5% and 3.5%. The revision was attributed to rising input costs and mix headwinds. Additionally, the company warned that tariff refunds in North America will no longer be available after Q3, which could pressure future beverage segment performance. PepsiCo also increased advertising expenses in the U.S., aiming to stimulate demand for its products. The firm plans strong cash returns to shareholders and remains focused on affordability through pricing guardrails.
Tickers: $PEP
Topics: eps_increase international_performance organic_growth revenue_growth
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