PepsiCo reported quarterly earnings and revenue on Thursday that exceeded analysts' expectations, driven by growth in its international business, while its North American operations continued to perform weakly.
As 2026 is now down to its final quarter, the company has also lowered its annual profit forecasts. PepsiCo expects that core earnings per share will grow by 2.5% to 3.5%, which is lower than the previously anticipated range of 5% to 7%. The company currently also expects annual net revenue to grow by about 6%, which is higher than the upper end of the previous forecast range of 4% to 6%.
The following are the data released by the company, compared with the survey expectations of analysts for LSEG:
- Earnings per share: $2.34 after adjustment, with an expectation of $2.29.
- Revenues: $25.27 billion, with an expectation of $24.96 billion.
PepsiCo reported that its net profit for the third quarter was $3.05 billion, or $2.23 per share, which is lower than the $2.6 billion, or $1.90 per share, in the same period last year.
Excluding one-time items, the company's earnings per share are $2.34.
Net sales increased by 5.6% to $25.27 billion. Organic revenue, excluding the impact of acquisitions, divestitures, and exchange rates, grew by 3.1% this quarter.
