PEP · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

PEPSICO INC · 2026-10-08 · Importance 36 · Surprise 14

For the 12 weeks ended September 5, 2026, consolidated net revenue was $25.274 billion, up 5.6% from $23.937 billion; for the 36 weeks, revenue was $68.898 billion, up 6.7% from $64.582 billion. Over 12 weeks, PBNA revenue increased 5%, IB Franchise 8%, EMEA 8%, LatAm Foods 14% and Asia Pacific Foods 10%, while PFNA decreased slightly; over 36 weeks, PBNA increased 7%, IB Franchise 10%, EMEA 11%, LatAm Foods 15% and Asia Pacific Foods 11%, while PFNA decreased slightly. PBNA's growth reflected acquisitions and divestitures, including Poppi, and effective net pricing, partly offset by lower organic volume; IB Franchise growth reflected volume and pricing, while LatAm Foods' 12-week growth included an 8-percentage-point favorable FX contribution. Unit volume grew 5% at IB Franchise and 11% at Asia Pacific Foods in the quarter, led respectively by India and broad-based regional growth, while PBNA unit volume declined 2% and PFNA unit volume grew slightly.

Key facts

• Consolidated net revenue was $25,274 million for the 12 weeks and $68,898 million for the 36 weeks ended September 5, 2026. source
• In the 12 weeks ended September 5, 2026, favorable foreign exchange contributed 1 percentage point to net revenue performance, primarily from the Mexican peso and South African rand, partly offset by the Turkish lira. source
• In the 36 weeks ended September 5, 2026, favorable foreign exchange contributed 2 percentage points to net revenue performance, primarily from the Mexican peso and Russian ruble, partly offset by the Turkish lira. source
• For the 12 weeks ended September 5, 2026, IB Franchise unit volume grew 5%, led by India, with declines in China and Mexico. source
• For the 36 weeks ended September 5, 2026, IB Franchise unit volume grew 4%, led by India, partly offset by a decline in Mexico. source
• For the 12 weeks ended September 5, 2026, EMEA convenient foods unit volume declined 1%, primarily due to South Africa, partly offset by growth in the Middle East and Russia. source
• For the 12 weeks ended September 5, 2026, EMEA beverage unit volume grew 4%, primarily due to growth in the Middle East, Turkey and Russia. source
• For the 36 weeks ended September 5, 2026, EMEA convenient foods unit volume grew 3%, primarily due to growth in the Middle East and Russia. source