Summary

Pepsico Misses

Pepsico (PEP) reported 3rd Quarter September 2025 earnings of $2.29 per share on revenue of $23.9 billion. The consensus earnings estimate was $2.27 per share on revenue of $23.9 billion. The Earnings Whisper number was $2.30 per share. Revenue grew 2.7% on a year-over-year basis.

The company said it continues to expect 2025 earnings of approximately $8.16 per share on revenue of approximately $94.15 billion. The current consensus earnings estimate is $8.03 per share on revenue of $93.33 billion for the year ending December 31, 2025.

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world.

Earnings Release

PepsiCo Reports Third-Quarter 2025 Results; Affirms 2025 Financial Guidance and Updates Expected Foreign Exchange Impact

PURCHASE, N.Y. - October 9, 2025 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for the third quarter 2025.

“Our reported net revenue growth accelerated and reflects the resilience of our international business, improved momentum within North America Beverages and the benefits of our portfolio reshaping actions,” said Chairman and CEO Ramon Laguarta.

Laguarta continued, “As we look ahead to the balance of this year and beyond, our top priorities are to accelerate growth and aggressively optimize our cost structure. To accomplish this, we are introducing a strong pipeline of innovation to accelerate portfolio transformation, continuously sharpening our price pack architecture to provide good value to consumers, and right sizing our entire cost base to help fund our activities. As a result, for fiscal 2025, we continue to expect to deliver low-single-digit organic revenue growth with core constant currency EPS to be approximately even with the prior year. Our full year core USD EPS outlook has improved due to a more favorable outlook on foreign exchange translation rates for the balance of this year.”

For the full earnings release, please go here.