PEP · Consumer

PEPSICO INC

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-08

• Revenue Performance and MixImportance 25 · Surprise 32
  PepsiCo reported second-quarter 2026 revenue of $24.18 billion and EPS of $2.20, exceeding analyst expectations. International businesses, including IB Franchise and Asia Pacific Foods, delivered high-single-digit…
• Capital Return ProgramImportance 13 · Surprise 6
  PepsiCo declared a quarterly dividend of $1.48 per share following its second-quarter 2026 results. The dividend implies an annualized yield of approximately 4.3% based on reported market prices. Third-party analysis…

News · 2026-08-07

• Guidance / OutlookImportance 44 · Surprise 42
  PepsiCo maintained its fiscal 2026 earnings-per-share guidance following its second-quarter results. The company reported quarterly EPS of $2.20 and revenue of $24.18 billion, although those historical performance…
• Product Launch and TransitionImportance 31 · Surprise 42
  PepsiCo is launching its Alvalle Mediterranean-style gazpacho in the United States, expanding the brand beyond its established European presence. The product is being introduced through select Whole Foods stores as an…
• Capital Return ProgramImportance 13 · Surprise 6
  PepsiCo declared a quarterly dividend of $1.48 per share following its second-quarter 2026 results. The dividend implies an annualized yield of approximately 4.3% based on reported market prices. Third-party analysis…

News · 2026-08-06

• Revenue Performance and MixImportance 25 · Surprise 32
  PepsiCo reported second-quarter 2026 revenue of $24.18 billion and EPS of $2.20, exceeding analyst expectations. International businesses, including IB Franchise and Asia Pacific Foods, delivered high-single-digit…
• Market Demand TrendsImportance 25 · Surprise 32
  PepsiCo’s North American business is experiencing weak or declining domestic food and beverage volumes, while international beverage and snack volumes are described as robust. International segments, including IB…
• Capital Return ProgramImportance 13 · Surprise 6
  PepsiCo declared a quarterly dividend of $1.48 per share following its second-quarter 2026 results. The dividend implies an annualized yield of approximately 4.3% based on reported market prices. Third-party analysis…

News · 2026-08-05

• Revenue Performance and MixImportance 25 · Surprise 32
  PepsiCo reported second-quarter 2026 revenue of $24.18 billion and EPS of $2.20, exceeding analyst expectations. International businesses, including IB Franchise and Asia Pacific Foods, delivered high-single-digit…
• Capital Return ProgramImportance 13 · Surprise 6
  PepsiCo declared a quarterly dividend of $1.48 per share following its second-quarter 2026 results. The dividend implies an annualized yield of approximately 4.3% based on reported market prices. Third-party analysis…

News · 2026-08-04

• Product Launch and TransitionImportance 31 · Surprise 42
  PepsiCo is launching its Alvalle Mediterranean-style gazpacho in the United States, expanding the brand beyond its established European presence. The product is being introduced through select Whole Foods stores as an…
• Acquisitions / Divestitures (PBNA & Poppi)Importance 31 · Surprise 42
  PepsiCo is expanding its U.S. refrigerated and fresh-food presence by launching the Alvalle gazpacho brand. The product will initially be sold at select Whole Foods stores as an exclusive launch partner, allowing…
• Market Demand TrendsImportance 25 · Surprise 32
  PepsiCo’s North American business is experiencing weak or declining domestic food and beverage volumes, while international beverage and snack volumes are described as robust. International segments, including IB…

10-Q · 2026-07-09

• Operating Margin DriversImportance 83 · Surprise 82
  Operating profit increased to $4,023 million in the 12 weeks ended June 13, 2026 (up 125% year‑over‑year) driven primarily by prior‑year impairment charges related to the Rockstar and Be & Cheery brands, productivity savings, effective net pricing, lower restructuring charges and a favorable net impact of acquisition/divestiture items.,For the 24 weeks ended June 13, 2026 operating profit rose to $7,236 million versus $4,372 million a year earlier (up 65%), with the same primary drivers cited: prior‑year impairments, productivity savings, effective net pricing and favorable acquisition/divestiture impacts, partially offset by operating cost increases.,Operating margin expanded to 16.6% in the 12 weeks ended June 13, 2026 (versus 7.9% prior year) and to 16.6% for the 24 weeks (versus 10.8% prior year), reflecting the net effect of the listed drivers and lower restructuring charges.
• Free Cash FlowImportance 77 · Surprise 82
  PepsiCo reconciles GAAP operating cash flow to free cash flow and reported free cash flow of $1,170 million for the 24 weeks ended June 13, 2026, versus negative $342 million in the prior-year period, a large…
• Operating Cash Flow TrendsImportance 75 · Surprise 64
  During the 24 weeks ended June 13, 2026, PepsiCo generated net cash provided by operating activities of $2.4 billion, up from $1.0 billion in the prior-year period. The company attributes the increase primarily to…
• Capital Return ProgramImportance 75 · Surprise 60
  During the 24 weeks ended June 13, 2026, net cash used for financing activities was $0.1 billion, driven by dividend payments and share repurchases totaling $4.4 billion and long-term debt repayments of $2.2 billion,…
• OECD Global Minimum TaxImportance 73 · Surprise 92
  PepsiCo discloses that in 2026 widespread implementation of the OECD model rules for a global minimum tax rate of 15% came into effect in various countries, including EU member states, and that this resulted in an…
• Asia Pacific Foods PerformanceImportance 71 · Surprise 82
  Asia Pacific Foods net revenue increased 12% in the 12 weeks ended June 13, 2026, reflecting organic volume growth and a 3‑percentage‑point benefit from favorable foreign‑exchange translation, partially offset by unfavorable net pricing.,Unit volume grew 10% in the 12‑week period, primarily reflecting growth in India (and in the 24‑week period growth in India and China).,Operating profit for Asia Pacific Foods materially improved (up 103% for the 24‑week period), driven by a prior‑year impairment of the Be & Cheery brand, productivity savings, organic volume growth and a ~9–10‑percentage‑point benefit from lower commodity costs (notably potatoes and packaging materials).
• EMEA Operating PerformanceImportance 67 · Surprise 82
  EMEA net revenue increased 10% in the 12 weeks ended June 13, 2026, driven by effective net pricing (largely from subsidiaries operating in highly inflationary economies), a 3‑percentage‑point favorable FX translation impact and organic volume growth.,Convenient foods unit volume in the 12‑week period grew 4% led by the Middle East, Russia and South Africa, while beverage unit volume grew 1% led by the Middle East.,Operating profit increased 103% in the 12‑week period, primarily reflecting a prior‑year impairment charge related to the Rockstar brand, net‑revenue growth and productivity savings, partially offset by certain operating cost increases.
• Income Tax Rate ChangesImportance 58 · Surprise 68
  Widespread implementation in 2026 of the OECD model rules for a global minimum tax rate of 15% in various countries (including EU member states) increased PepsiCo's income tax provision in the current year.,The reported effective tax rate rose to 22.0% in the 12 weeks ended June 13, 2026 (from 18.6% prior year) primarily reflecting the prior‑year release of federal interest accruals and impairment of the Rockstar brand, plus the current‑year impact of the OECD global minimum tax, partially offset by higher tax benefits from foreign results.,PepsiCo states it will continue to monitor legislative changes which could further affect its provision for income taxes in subsequent periods.
• Restructuring and Brand ImpairmentsImportance 55 · Surprise 92
  PepsiCo recognized impairment charges related to the Rockstar and Be & Cheery brands during the period covered by this Form 10-Q. The filing identifies these brand impairments as a discrete charge category in the MD&A.…
• Financing Activities and Debt MovementsImportance 50 · Surprise 24
  During the 24 weeks ended June 13, 2026, PepsiCo reported net cash used for financing activities of $0.1 billion, which included payments of long-term debt borrowings of $2.2 billion, net proceeds of short-term…
• International Operations RiskImportance 49 · Surprise 32
  PepsiCo describes exposure to volatile economic, political and geopolitical conditions across international markets (e.g., Argentina, Brazil, China, Mexico, the Middle East, Russia, Turkey, Ukraine) and notes these…
• Geographic Market CommentaryImportance 48 · Surprise 14
  PepsiCo generated 43% of consolidated net revenue outside the United States in the 24-week period, with Mexico, Russia, Canada, China, the U.K., Brazil and South Africa collectively comprising 25% of consolidated net…
• 2019 Productivity Plan / RestructuringImportance 46 · Surprise 42
  PepsiCo describes its 2019 multi‑year Productivity Plan aimed at simplifying, harmonizing and automating processes, re‑engineering go‑to‑market and information systems, and optimizing the manufacturing and supply‑chain…
• Product Taxes and RegulationsImportance 46 · Surprise 42
  PepsiCo reports that certain jurisdictions have imposed or are considering new or increased taxes or regulations on the manufacture, distribution or sale of its products or their packaging, including taxes targeted by…
• Export Controls / Regulatory RiskImportance 45 · Surprise 50
  PepsiCo warns that sanctions, export controls and restrictions on the transfer of funds in certain international markets have continued to impact operations and may do so going forward. The filing links these measures…
• Commodities and Supply-Chain VolatilityImportance 44 · Surprise 24
  PepsiCo discloses that many production and transportation commodities are purchased on open markets and that prices and availability are volatile due to geopolitical conditions, weather and supply-chain disruptions,…
• IB Franchise PerformanceImportance 42 · Surprise 40
  IB Franchise net revenue rose 11% in the 12 weeks ended June 13, 2026, driven by organic volume growth, effective net pricing and a 2‑percentage‑point benefit from favorable foreign‑exchange translation.,Unit volume in the 12‑week period grew 5%, led by broad‑based increases with India as the primary contributor and a partial offset from Mexico.,Operating profit for IB Franchise increased 19% in the 12‑week period, driven by the net‑revenue growth and productivity savings, partially offset by certain operating cost increases.
• LatAm Foods PerformanceImportance 42 · Surprise 40
  LatAm Foods net revenue increased 15% in the 12 weeks ended June 13, 2026, reflecting an 11‑percentage‑point impact of favorable foreign‑exchange translation (driven primarily by the strengthening of the Mexican peso) and effective net pricing.,Unit volume in the 12‑week period declined slightly, with declines concentrated in Mexico partially offset by growth in Colombia.,Operating profit improved 16% in the 12‑week period, driven by productivity savings, effective net pricing and a 13‑percentage‑point favorable FX impact from the Mexican peso, partially offset by operating cost increases and the absence of certain prior‑year indirect tax credits in Brazil.
• FX / Currency HeadwindsImportance 42 · Surprise 40
  PepsiCo states it is exposed to foreign exchange risks across its international markets and that favorable foreign exchange contributed ~2 percentage points to net revenue for the 12 weeks ended June 13, 2026…
• Capital Spending / Investing ActivitiesImportance 42 · Surprise 40
  For the 24 weeks ended June 13, 2026, PepsiCo reported net cash used for investing activities of $1.4 billion, primarily reflecting net capital spending of $1.2 billion. Capital spending declined versus the prior-year…
• Supply Chain Tariff ImpactImportance 40 · Surprise 42
  PepsiCo warns that the imposition of tariffs (including U.S. tariffs on China, the EU, Canada, Mexico and other countries) have impacted and may continue to impact its supply chain through increased input costs for raw…
• Climate Change RegulationImportance 40 · Surprise 42
  PepsiCo states that certain jurisdictions have imposed or are considering new legal and regulatory requirements to address climate change, including greenhouse gas emissions regulation and potential carbon pricing…
• Acquisitions / Divestitures (PBNA & Poppi)Importance 39 · Surprise 50
  PepsiCo’s segment commentary references portfolio reshaping via acquisitions and prior impairments: PBNA performance reflects a favorable net impact from acquisitions/divestitures (including the Poppi acquisition) and…
• Market Demand TrendsImportance 37 · Surprise 32
  PepsiCo reports mixed unit-volume and organic revenue trends across its portfolio: consolidated unit volume and organic revenue were negative on a 12- and 24-week basis, while several international segments posted…
• Retail LandscapeImportance 37 · Surprise 32
  PepsiCo identifies disruption in the retail landscape — including growth in e‑commerce and mobile commerce, integration of physical and digital retail operations, subscription services and international expansion of…
• Liquidity and Cash PositionImportance 37 · Surprise 6
  PepsiCo states that its cash-generating capability, revolving credit facilities, working capital lines, commercial paper borrowings and long-term debt financing are expected to be adequate to meet operating, investing…
• Revenue Performance and MixImportance 36 · Surprise 14
  Consolidated net revenue was $43,624 million for the 24 weeks ended June 13, 2026, versus $40,645 million in the prior-year period, an increase of $2,979 million (≈7.3%).,For the 12 weeks ended June 13, 2026, consolidated net revenue was $24,181 million versus $22,726 million a year earlier, an increase of $1,455 million (≈6.4%).,Management attributes a meaningful portion of the 24-week net revenue improvement to favorable foreign exchange (about 3 percentage points, driven primarily by the Mexican peso and Russian ruble) and effective net pricing across multiple segments, partially offset by adverse organic volume and net-pricing dynamics in some markets.
• TCJ Act Transition Tax PaymentImportance 36 · Surprise 42
  The filing notes that the TCJ Act imposed a one-time mandatory transition tax on undistributed international earnings. As of June 13, 2026, PepsiCo's final mandatory transition tax liability of $965 million has been…
• Digital Channel and Delivery GrowthImportance 29 · Surprise 30
  PepsiCo highlights an ongoing shift in the retail landscape toward e-commerce, mobile commerce and integrated physical-digital retail models, including subscription services and online-to-offline fulfillment.…
• Competition and Market ShareImportance 25 · Surprise 6
  PepsiCo warns that changing retail dynamics and buying-group behavior are pressuring its in‑store presence and shelf allocation as retailers focus on private-label expansion and altered value propositions. The company…
• Pension and Retiree Medical ImpactImportance 25 · Surprise 32
  PepsiCo reports that pension and retiree medical-related impact includes curtailment gains in the period covered by the 10-Q. The company identifies these curtailment gains as part of its pension and retiree…
• Russia Cash / FX Controls and ConcentrationImportance 20 · Surprise 24
  As of June 13, 2026, PepsiCo states that cash, cash equivalents and short-term investments in its consolidated subsidiaries outside of Russia that are subject to currency controls or currency exchange restrictions were…
• Net Interest Expense and OtherImportance 18 · Surprise 14
  Net interest expense and other decreased $30 million in the 12 weeks ended June 13, 2026, driven by higher average cash balances, higher gains on market value of investments used to economically hedge deferred compensation liabilities and lower interest rates on average debt balances, partially offset by higher average debt balances and lower interest rates on average cash balances.,For the 24 weeks ended June 13, 2026 net interest expense and other increased $7 million, reflecting higher average debt balances and lower rates on average cash balances, partly offset by higher average cash balances and gains on hedging investments.,Management cites changes in average cash and debt balances and hedge gains as the primary drivers of quarter‑to‑quarter and year‑over‑year movement in net interest and related items.
• Items Affecting ComparabilityImportance 13 · Surprise 6
  PepsiCo presents non‑GAAP “core” results adjusted for specified items including mark‑to‑market on commodity derivatives, restructuring and impairment charges, and acquisition/divestiture‑related charges/credits.,For the 24 weeks ended June 13, 2026, reported operating profit was $7,236 million while operating profit adjusted for items affecting comparability (core) was $7,117 million, indicating a $119 million net impact of those items in the period.,For the 12 weeks ended June 13, 2026, reported operating profit was $4,023 million versus core operating profit of $4,067 million, illustrating the importance of these adjustments when comparing year‑over‑year performance.