PEP · 10-Q · 2026Q3 · Full report

North America Demand Trends

PEPSICO INC · 2026-10-08 · Importance 25 · Surprise 32

PepsiCo Foods North America (PFNA) unit volume grew slightly over 12 weeks and 1% over 36 weeks, with savory snacks volume up 1% in both periods; other foods volume fell 4% in the 12-week period. PFNA net revenue decreased slightly in both periods, with unfavorable net pricing partly offset by organic volume growth. PepsiCo Beverages North America (PBNA) unit volume declined 2% over 12 weeks and 3% over 36 weeks, as noncarbonated beverage volume fell 3% in both periods and carbonated soft drink volume declined 2% and 2.5%, respectively. PBNA net revenue increased 5% and 7%, respectively, supported by effective net pricing and acquisitions and divestitures, partly offset by declining organic volume.

Key facts

• For the 12 weeks ended September 5, 2026, PFNA unit volume grew slightly, with savory snacks volume up 1% and other foods volume down 4%. source
• For the 36 weeks ended September 5, 2026, PFNA unit volume grew 1%, primarily due to a 1% increase in savory snacks volume. source
• For the 12 weeks ended September 5, 2026, PBNA unit volume declined 2%, with noncarbonated beverage volume down 3% and carbonated soft drink volume down 2%. source
• For the 36 weeks ended September 5, 2026, PBNA unit volume declined 3%, with noncarbonated beverage volume down 3% and carbonated soft drink volume down 2.5%. source
• Retailers and buying groups are removing PepsiCo products or reducing their shelf space while developing private-label brands, which has affected and may continue to affect PepsiCo's ability to grow in certain jurisdictions. source