N環球 
PepsiCo Tops Q3 Estimates but Cuts Full-Year Profit Guidance as North America Lags
PepsiCo reported fiscal Q3 2026 on Oct. 8: revenue of $25.274B and core EPS of $2.34 both beat estimates, but full-year core EPS growth guidance was cut from 5%–7% to 2.5%–3.5%.
Why it matters
PepsiCo reported fiscal third-quarter 2026 results (12 weeks ended September 5) on October 8: revenue and earnings both beat analyst estimates, but the company cut its full-year profit guidance, reflecting pressure from its North American business and rising input costs.
Full report
Net revenue was $25.274 billion, up 5.6% year over year and above the roughly $24.96 billion analysts expected. Core earnings per share came in at $2.34 versus the $2.30 expected; GAAP EPS was $2.23, up 17% year over year. Organic revenue grew 3.1%, with strong international growth; North American beverage volume fell 2% and food volume was flat.
The company cut its full-year guidance: core EPS growth is now expected at 2.5%–3.5%, down from 5%–7%; constant-currency core EPS growth was lowered to 1%–2%. Full-year net revenue growth guidance was raised to about 6%. The shareholder cash return plan stays at $8.9 billion ($7.9 billion in dividends plus $1 billion in buybacks).
CEO Ramon Laguarta said the company will take structural cost actions, including tightening corporate and non-essential spending, to address higher input costs. The stock rose about 2%–4% to around $128 on earnings day (Oct. 8), though it is still down about 11% over the past year.
💬 Comments
No comments yet. Be the first!