PEP · Full Picture

PEPSICO INC — the full picture

Earnings window · 2026-06-18 to 2026-09-24 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 87
    +18.3% revenue (realized); 3 sources (news, press_release, sec_filing); 4 forward row(s); structured_verified
    Net income attributable to PepsiCo for the 12 weeks ended June 13, 2026 was $2,981 and for the 12 weeks ended June 14, 2025 was $1,263.
  2. Capital Return Program · Buybacks & dividendsPriority 83
    -6.7% cash; 3 sources (news, press_release, sec_filing); 5 forward row(s); quote_verified
    On February 3, 2026, PepsiCo announced a 4% increase in its annualized dividend to $5.92 per share from $5.69 per share, effective with the dividend paid in June 2026.
  3. Operating Margin Drivers · UnclassifiedPriority 83
    -49.7% operating_income (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Consolidated operating profit for the 12 weeks ended June 13, 2026 was $4,023 and for the 12 weeks ended June 14, 2025 was $1,789.
  4. 2019 Productivity Plan / Restructuring · Restructuring & impairmentPriority 75
    -21.6% operating_income; 6 forward row(s); structured_verified
    PepsiCo expects to incur pre-tax charges of approximately $6.15 billion for the expanded 2019 Productivity Plan, including cash expenditures of approximately $5.1 billion.
  5. Guidance / Outlook · Guidance & outlookPriority 69
    +4.0% revenue; 2 sources (news, press_release); 6 forward row(s); quote_verified
    PepsiCo's Q2 2026 consensus estimates include EPS of $2.21 on revenues of $23.96 billion, with the consensus EPS implying a 140.2% year-over-year increase largely due to a substantial non-cash impairment charge in Q2 2025; adjusted core earnings growth is 4.2%.
  6. Geographic Market Commentary · Geographic mixPriority 63
    3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    PepsiCo's overseas operations are expected to generate over $40 billion in revenue this year.
  7. OECD Global Minimum Tax · UnclassifiedPriority 62
    +4.2% revenue; 2 sources (press_release, sec_filing); 1 forward row(s); quote_verified
    In 2026 widespread implementation of the OECD model rules for a global minimum tax rate of 15% came into effect in various countries in which we do business, including European Union member states, resulting in an increase in our income tax provision.
  8. Capital Spending / Investing Activities · Capital expenditurePriority 52
    -4.2% cash; 1 forward row(s); quote_verified
    For 2026, the Company continues to expect capital spending to be below 5 percent of net revenue.
  9. International Operations Risk · Geopolitics & conflictPriority 51
    quote_verified
    In the 24 weeks ended June 13, 2026 our operations outside of the United States generated 43% of our consolidated net revenue.
  10. Liquidity and Cash Position · Liquidity & cash positionPriority 51
    +4.3% assets (realized); 3 sources (news, press_release, sec_filing); quote_verified
    PEPSICO INC has $42B net debt and a free-cash-flow multiple of 25–26x.
  11. Commodities and Supply-Chain Volatility · Supply chain & operationsPriority 49
    2 sources (news, sec_filing); quote_verified
    Allworth Financial LP reduced its stake in PepsiCo by 45.7% during the second quarter, selling 53,492 shares and holding 63,565 shares valued at $8.6 million.
  12. Restructuring and Brand Impairments · Restructuring & impairmentPriority 49
    2 sources (press_release, sec_filing); quote_verified
    Operating profit performance benefited from lower restructuring charges and a favorable net impact of acquisition and divestiture-related charges/credits (quarter and year-to-date commentary).

Threads by pillar

Revenue & Demand Priority 93 · 7 threads

Costs & Margins Priority 85 · 8 threads

Capital & Balance Sheet Priority 92 · 6 threads

Strategy & Portfolio Priority 54 · 6 threads

Legal, Regulatory & Policy Priority 45 · 3 threads

Guidance & Outlook Priority 69 · 1 thread

Macro & Market Conditions Priority 66 · 6 threads

Management & Governance Priority 40 · 2 threads

Unclassified Priority 97 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
operating_income-21.6%+21.6%-64.7%
cash-14.9%+14.9%-5.1%
revenue+9.8%+9.8%+21.3%
net_income+0.1%+0.1%+16.4%
margin——+14.5%
liability——-4.3%
assets——+4.3%