PEP

PURCHASE, N.Y., July 17, 2026 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.48 per share of PepsiCo common stock, a 4 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $5.92 per share from $5.69 per share, which began with the June 2026 payment. This dividend is payable on September 30, 2026 to shareholders of record at the close of business on September 4, 2026. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2026 marked the company's 54th consecutive annual dividend increase. About PepsiCoPepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $94 billion in net revenue in 2025, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo. Cautionary StatementStatements in this release that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only...

PepsiCo management spent its latest earnings call defending its big bet on North American growth, and the answers revealed exactly where the strategy is under pressure. After significantly underperforming the market over the last year, PepsiCo (PEP) stock is facing a critical test. The company has spent heavily on an “affordability” strategy to reignite volume growth in its core North American market, but the latest results were softer than hoped. On its latest call, analysts repeatedly circled one central question: is the expensive playbook failing, and is a painful “earnings reset” required to fix it? The most pointed challenge was the simplest: if the affordability push is working, why was volume in the key North America Foods (PFNA) division flat this quarter? This gets to the heart of the investment case, questioning the return on a very deliberate strategic shift. Management’s response was to immediately zoom out from North America to the global picture. The CEO highlighted that global volumes grew 3% in foods and 2% in beverages, calling it the “fastest growth in volume since 2022.” In the U.S., the defense was that the strategy successfully got the entire salty snacks category back to volume growth, and that PepsiCo is now gaining volume share. That is a meaningful achievement, but it reframes the goal. The answer was less specific on why PepsiCo’s own volumes didn’t pop, attributing the softness to an American consumer who is in worse shape “than what we had anticipated,” largely due to high gas prices. With the payback on spending looking weak, the next logical fear is that the company might need to spend even more, forcing an “earnings reset.” One analyst put that question to management directly, voicing the market’s biggest concern. A reset would imply the current plan is not only underperforming but is also underfunded, threatening future profits. The CEO’s answer was an unambiguous rejection of the idea. “We don't think we need any sort of reset,” he stated, anchoring the denial in a single claim: “record productivity in the first half of the year.” The company believes it can fund its growth initiatives by taking costs out of the business, not by lowering its earnings guidance. Management reaffirmed its full-year guidance, signaling confidence that it can navigate the consumer weakness without sacrificing the bottom line. Management’s story is...

In the past week, PepsiCo reported Q2 2026 results showing sales of US$24.18 billion and net income of US$2.98 billion, alongside Circle K’s launch of Flamin’ Hot boneless wings in partnership with PepsiCo/Frito-Lay across U.S. stores. The combination of strong international performance, softer North American snack and beverage volumes, and analyst concern about U.S. pricing and promotion strategy has sharpened focus on how PepsiCo balances growth investments with profitability at home. We’ll now examine how the mixed North American performance, despite promotional efforts, reshapes PepsiCo’s investment narrative and long-term business outlook. Invest in the nuclear renaissance through our list of 89 elite nuclear energy infrastructure plays powering the global AI revolution. To own PepsiCo, you need to believe its global brands and distribution can offset softer North American volumes while management balances price, promotion, and cost control. The latest quarter reinforced that tension: strong international results contrasted with flat to slightly negative U.S. snacks and beverages, and the Circle K Flamin’ Hot wings launch is interesting but not a material near term catalyst. The bigger swing factor remains whether PepsiCo can stabilize North American volumes without sacrificing margins. The most relevant recent development is PepsiCo’s Q2 2026 earnings, with sales of US$24,181 million and net income of US$2,981 million. Those figures highlight resilient profitability even as North American organic revenue dipped about 0.5%, keeping the focus on the key risk that heavy reliance on core carbonated drinks and salty snacks could limit its ability to adapt quickly if category growth slows further. Yet investors should still be aware of how PepsiCo’s dependence on legacy soda and salty snack categories could... Read the full narrative on PepsiCo (it's free!) PepsiCo's narrative projects $106.4 billion revenue and $12.2 billion earnings by 2029. This requires 3.7% yearly revenue growth and a $3.5 billion earnings increase from $8.7 billion. Uncover how PepsiCo's forecasts yield a $164.86 fair value, a 19% upside to its current price. Eighteen fair value estimates from the Simply Wall St Community span roughly US$132 to US$287 per share, showing how far apart individual views can be. Set against concerns about PepsiCo’s reliance on mature soda and salty snack c...

PepsiCo's (PEP) "modest" fiscal Q2 earnings beat was driven by below-the-line items rather than stro

FEATURE Earnings seasons has started with a whimper, but the next three weeks could determine whether the market can build on its first-half gains, or end the year with a thud. Early reporters have disappointed the market—even when they beat earnings expectations.

Image source: The Motley Fool. Thursday, July 9, 2026 at 8:15 a.m. ET Senior Vice President of Investor Relations - Ravi Pamnani Chairman and Chief Executive Officer - Ramon Laguarta Chief Financial Officer - Steve Schmitt Operator: Good morning, welcome to PepsiCo's 2026 second quarter earnings question and answer session. Your lines have been placed on listen only until it is your turn to ask a question. Today's call is being recorded and will be archived at www.pepsico.com. It is now my pleasure to introduce Mr. Ravi Pamnani, Senior Vice President of Investor Relations. Mr. Pamnani, you may begin. Ravi Pamnani: Thank you, Kevin, good morning, everyone. I hope everyone has had a chance this morning to review our press release and prepared remarks, both of which are available on our website. Before we begin, please take note of our cautionary statement. We may make forward-looking statements on today's call, including about our business plans, guidance, and outlook. Forward-looking statements inherently involve risks and uncertainties and only reflect our view as of today, July 9th, 2026, and we are under no obligation to update. When discussing our results, we refer to non-GAAP measures which exclude certain items from reported results. Please refer to our second quarter 2026 earnings release and second quarter 2026 Form 10-Q, available on pepsico.com, for definitions and reconciliations of non-GAAP measures and additional information regarding our results, including a discussion of factors that could cause actual results to materially differ from forward-looking statements. Joining me today are PepsiCo's Chairman and CEO, Ramon Laguarta, and PepsiCo's CFO, Steve Schmitt. We ask that you please limit yourself to one question. With that, I will turn it over to the operator for the first question. Operator: Thank you. In order to ask a question or make a comment, please press star followed by one on your touch tone phone at any time. We will pause for a moment while we compile our Q&A roster. Our first question comes from Bonnie Herzog with Goldman Sachs. Your line is open. Bonnie Herzog: Thank you. Good morning, everyone. I had a question on PFNA. Your volume was flat in the quarter, despite what seems to be stepped up affordability initiatives and innovation. Hoping you could spend some time helping us understand the changes you've made, maybe what's worki...

After a year spent cutting prices, General Mills says it's time for an innovation push, but analysts on its latest call pressed on whether a squeezed consumer is ready to follow. With its stock down 29% in the past year, General Mills (GIS) has a lot to prove. After spending the past fiscal year cutting prices to stabilize volumes, management is now pivoting to innovation and premiumization to drive growth. The central question hanging over its latest earnings call was whether that pivot can actually work: after teaching shoppers to hunt for value, can the company now convince them to pay up, especially when key brands are still struggling and the consumer remains under pressure? From Price Cuts to a Prayer for Premium? The first challenge put to management was about this strategic shift itself. If last year was all about price investments to fix the fundamentals, what gives them confidence that a pivot to innovation and renovation will deliver results now? The concern is that after a year of deep value messaging, the consumer is now trained to expect it, making a push for higher-priced new products a tough sell. Management’s answer framed this as a deliberate “2-step process.” The first step, they argued, is complete and successful. A year ago, the company’s most profitable base volume was down about 10%; today, in the areas where it invested in price, that same volume is up about 1%. With that foundation secured and household penetration growing, they believe the conditions are now right for the second step: letting innovation, new packaging, and brand messaging drive growth. The response was strategically sound, but it rests entirely on the idea that step one truly bought them the permission to execute step two. Who Is Paying For This Growth? If the strategy is a pivot to innovation, the next question is where the growth will come from in a tough environment. Analysts pointed to a consumer who is still “pressured,” ongoing pressures in brands like Totino's and Wilderness, and a persistent inventory drag in the pet segment. Given that backdrop, is the company’s growth plan dependent on its own execution, or is it hoping for a better economy? The answer here was direct: the plan does not assume a better macro environment. Management stated they are “not anticipating an improved consumer environment or improved category environment.” When asked whether hitti...

PepsiCo (PEP) is likely facing earnings pressure after it indicated that its bottom-line may close o

PepsiCo (PEP) is facing "building risk" to its fiscal 2027 earnings per share, with the company poin

Thursday, July 9th, 2026Pre-market futures are up ahead of the opening bell this morning, following a mixed close Wednesday — the Dow lost -1.09% while the Nasdaq grew +0.20%, with the S&P 500 splitting the difference: -0.28%. At this hour, following the release of new Weekly Jobless Claims numbers, we’re up +74 points on the Dow, +319 on the Nasdaq and the S&P 500 +18. The bond yield between two-year and 10-year t-bills is widening a bit, +4.58% on 10s and +4.19% on 2s. Glancing at this morning’s Weekly Jobless Claims figures, you might think you’re still looking at last week’s results. Initial Claims came in at +215K, right where they were a week ago (which has now revised up slightly to +217K). It’s looking more and more like that burst to +230K in the first week of June was an outlier; we’ve been averaging roughly +215K new claims throughout 2026 thus far.Continuing Claims also came in precisely where last week’s original print did: +1.814 million. The prior read comes down a bit to +1.806 million. While this does register as the fourth-straight longer-term jobless claims report at or above 1.8 million, claims have been muted and steady. In fact, after spending much of 2025 at or above +1.9 million longer-term claims, we’ve been beneath it every week in 2026 so far. Ahead of today’s open, PepsiCo PEP opens the spigot a tad on Q2 earnings season. The global beverage and food giant — aside from Pepsi products, the corporation also owns Doritos, Gatorade and several other brands — beat the Zacks estimate on earnings by a penny to $2.20 per share. Revenues of $24.18 billion came in +1.32% ahead of consensus.Shares are down on the news, with softer-than-expected sales in North America. Tightening consumer budgets and inflation in the domestic economy were to blame. Globally, the company grew +3% on food and +2% on beverages. PepsiCo has kept its full-year guidance steady on both earnings and sales. For more on PEP’s earnings, click here. After this morning’s opening bell, Existing Home Sales for June come out. Expectations are for 4.20 million seasonally adjusted, annualized units, which would be the third-straight month higher from March’s seven-month lows. A month ago, the Midwest led with existing home sales up +6.4%, followed by +3.2% in the South. The Northeast grew a quieter +2.2% and the West — long the leader in existing home sales figures — only gain...

Investors weren’t too eager to take a swig of PepsiCo (NASDAQ:PEP) after the beverage and snacks giant reported second-quarter results early on Thursday. This, despite headline figures that — depending on which consensus numbers are used — beat analyst estimates. The company’s shares slid by more than 3% that trading session, contrasting poorly with the 0.8% rise of the bellwether S&P 500 index. Let’s tuck into PepsiCo’s quarter to find out why it was such a flat, warm can of soda for many market players. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Image source: Getty Images. During the quarter, PepsiCo’s net revenue was just under $24.2 billion, up 6% year over year. The company’s net income under generally accepted accounting principles (GAAP) grew much more robustly, doubling and then some to almost $2.99 billion from the year-ago profit of $1.26 billion. Yet on a per-share, non-GAAP (adjusted, or “core” in company parlance) basis, net income only inched up by 4% to $2.20. This meant a pair of beats for PepsiCo, though these were modest. On average, analysts tracking the stock were modeling net revenue of $23.9 billion and core earnings per share (EPS) of $2.19. Despite the growth in key fundamentals, other metrics were lower this quarter. The company’s largest single market remains its native North America, so weakness there is always cause for concern. Second-quarter sales in the company’s food (i.e., snacks) business there fell by 2% year over year. And while revenue from its beverages rose by 7%, much of this was due to recently integrated acquisitions and partnerships. The latter included a deal with Celsius (NASDAQ:CELH) to distribute that company’s hotly popular drink line Alani Nu. It’s revealing that overall volumes for North America beverages sank in spite of this, falling by 4%. And, when stripping out acquisitions and divestitures from the mix, that drinks unit saw only a 1% organic revenue gain. In the conference call discussing the results, PepsiCo CEO Ramon Laguarta attributed the U.S. declines to changes in consumer behavior. He speculated that the soaring price of gasoline was affecting traffic at convenience stor...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed the 7% revenue growth in the first half to robust international performance and a strategic pivot toward volume growth in the U.S. food business. The U.S. turnaround is being driven by two primary pillars: targeted affordability investments and the expansion of the 'permissible' and portion-control portfolio. A significant slowdown in U.S. impulse channels, particularly convenience and gas, was linked to higher gasoline prices impacting consumer conversion rates. International business has reached a scale of approximately $40 billion, providing critical diversification and margin accretion that offsets domestic volatility. The company achieved record productivity in the first half, which is being used to fund growth investments without compromising international capital allocation. Management emphasized that while U.S. volumes were slightly below Q2 expectations, the strategic intent to regain category share and positive volume growth was successful. Full-year guidance was reaffirmed, though management indicated results may trend toward the low end of the EPS range due to persistent North American softness. The second half outlook assumes continued international resilience and a gradual, albeit more moderate, improvement in the North American business environment. Management expects approximately 1 full point of EPS growth for the year to come from refund claims for tariffs paid in the previous year. Advertising and marketing expenses in North America are projected to increase in the second half as the company continues to 'play offense' despite macro pressures. Strategic focus will shift toward optimizing the return on investment for affordability tactics, tailoring mechanics specifically to high-low versus everyday-low-price retailers. Tariff refund claims are being utilized as a strategic buffer to offset anticipated commodity inflation and fund ongoing growth initiatives. A higher tax rate is expected in Q3 compared to the first half of the year, which will impact the timing of earnings delivery. The 'Texoma' integration test is exploring combined logistics and mixing centers for food and beverage to structurally lower the U.S. cost basis. PBNA operating margins were pressured by a...