Summary
Pepsico Beats
Pepsico (PEP) reported 1st Quarter March 2026 earnings of $1.61 per share on revenue of $19.4 billion. The consensus earnings estimate was $1.55 per share on revenue of $19.0 billion. The Earnings Whisper number was $1.57 per share. Revenue grew 8.5% on a year-over-year basis.
The company said it continues to expect 2026 earnings of $8.55 to $8.71 per share on revenue of $97.68 billion to $99.56 billion. The current consensus earnings estimate is $8.62 per share on revenue of $98.19 billion for the year ending December 31, 2026.
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world.
Results
Reported Earnings
$1.61
Earnings Whisper
$1.57
Consensus Estimate
$1.55
Reported Revenue
$19.44 Bil
Revenue Estimate
$18.95 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
PepsiCo Reports First-Quarter 2026 Results
- Net revenue increased 8.5% and organic revenue2 increased 2.6% • Earnings per share (EPS) increased 27%
- Core2 EPS increased 9%
- Core constant currency2 EPS increased 5%
- Company affirms fiscal 2026 financial guidance
PURCHASE, N.Y. - April 16, 2026 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for first-quarter 2026.
“We are pleased with our first-quarter results, which featured an acceleration in both net revenue and organic revenue growth – with a notable improvement in convenient foods organic volume. An extensive commercial agenda, which includes the restaging of large global brands, innovation activity and certain affordability initiatives, is being executed well and business performance improved,” said Chairman and CEO, Ramon Laguarta.
Laguarta continued, “We are encouraged with the resilience of the International business while North America continued to make progress in the first quarter. As we look ahead, we aim to successfully execute our commercial plans and tightly manage costs to help fund investments to accelerate growth. Therefore, we are affirming fiscal 2026 financial guidance and expected cash returns to shareholders – including the previously announced 4 percent increase in the annualized dividend per share beginning with the June 2026 payment, which will represent our 54th consecutive annual increase.”
For the full earnings release, please go here.
