PepsiCo (PEP) Q1 2026 earnings
CNBC • • business
Key Points:
- PepsiCo reported quarterly earnings and revenue that exceeded analysts' expectations, with adjusted earnings per share of $1.61 versus the expected $1.55 and revenue of $19.44 billion compared to the anticipated $18.94 billion.
- The company's net income rose to $2.33 billion, or $1.70 per share, up from $1.83 billion, or $1.33 per share, a year earlier, with net sales increasing 8.5% to $19.44 billion.
- For the first time in over two years, Pepsi's North American food business, including Frito-Lay and Quaker Oats, reported a 2% volume growth, aided by price cuts of up to 15% on key snack brands to regain consumer demand.
- In contrast, Pepsi's North American beverage business experienced a 2.5% decline in volume during the quarter.
- PepsiCo reaffirmed its full-year guidance, expecting organic revenue growth between 2% and 4% and core constant currency earnings per share growth of 4% to 6%.
