PEP · 8-K · 20261008PR000050

FX / Currency Headwinds

PEPSICO INC · 2026-10-08 · Importance 38 · Surprise 24 · No source text

Foreign exchange translation benefited third-quarter net revenue by 0.7 percentage points and year-to-date net revenue by 2.0 percentage points. The year-to-date foreign exchange translation adjustment reduced reported revenue by $1,289 million when restated to prior-year exchange rates, including a $721 million impact in Latin America Foods and a $390 million impact in EMEA. PepsiCo’s fiscal 2026 outlook assumes approximately a 1.5% foreign-exchange benefit to net revenue and core EPS growth, based on current exchange rates.

Key facts

• PepsiCo expects fiscal 2026 foreign exchange translation to be approximately +1.5% to net revenue and core EPS growth (previously approximately +1%). source
• Core constant currency EPS for Q3 2026 increased 1.5% versus prior year. source
• PepsiCo reported a 0.7-percentage-point benefit from foreign exchange translation contributing to Q3 net revenue growth. source

Impact estimates