PepsiCo gains after forecasting annual revenue at high end of guidance

PepsiCo

08/10/2026 11:11

* Shares of snacks and soda giant PepsiCo PEP.O up 2% at $125.32 premarket
** The beverage maker says it expects annual revenue at the higher end of its previous forecast of 4% to 6%
** Sees annual core constant currency EPS growing 1% to 2%, compared with previous projection at the lower end of a 4% to 6% range
** Q3 net revenue of $25.27 billion beats analysts' estimates of $24.96 billion - data compiled by LSEG
** Q3 core EPS rises 2% to $2.34
** "Additional structural cost reduction actions are being identified and will be implemented in the coming months," says CEO Ramon Laguarta
** As of last close, stock down 13.8% YTD

(Reporting by Koyena Das from Bengaluru)
((Koyena.das@thomsonreuters.com))