PepsiCo Q3 core EPS beats analyst estimates

PepsiCo

08/10/2026 11:16

Overview
Global food and beverage firm's Q3 net revenue rose 5.6% yr/yr, driven by organic growth
Core EPS for Q3 beat analyst expectations, rising 2% yr/yr
Company updated fiscal 2026 guidance and plans further cost reduction actions

Outlook
PepsiCo updates fiscal 2026 guidance, expects organic revenue growth of at about 3%
PepsiCo plans further structural cost reductions to offset rising input cost inflation

Result Drivers
INTERNATIONAL GROWTH - Co said international businesses delivered strong net revenue growth, aided by organic volume gains in Asia Pacific, International Beverages Franchise and Latin America Foods
NORTH AMERICA SNACKS - North America convenient foods saw improved net revenue trends, with savory snacks volume growth and market share gains, but lower effective net pricing
ACQUISITIONS IMPACT - Acquisitions made in 2025 contributed to beverages net revenue growth, especially in North America

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Core EPS
Beat
$2.34
$2.29 (17 Analysts)
Q3 EPS
 
$2.23
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 17 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the non-alcoholic beverages peer group is "hold"
Wall Street's median 12-month price target for PepsiCo, Inc. is $152.00, about 22.8% above its October 7 closing price of $123.73
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Oct 8 - PepsiCo cuts annual core profit forecast as higher costs hurt margins
Oct 7 - PepsiCo running out of time to meet Elliott-inspired targets as GLP-1 threat intensifies
Oct 6 - PepsiCo, Monster, Reliance win partial reprieve on 'energy drink' label ban in India

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Press Release https://www.sec.gov/Archives/edgar/data/77476/000007747626000050/q320268-kxexhibit991.htm
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)