PepsiCo, Inc. (PEP) reported first-quarter 2026 revenue of $19.4 billion. This represents an 8.5% increase compared to the previous year. Earnings per share reached $1.70, surpassing analyst expectations. This figure reflects a 26.87% year-over-year increase.
Growth stemmed from effective pricing, strategic acquisitions, and food division volume gains. The PepsiCo Foods North America division recorded a positive volume inflection. Operating profit rose 24.4% despite inflationary pressure on gross margins. Operating margins expanded to 16.5% through cost optimization and leverage.
PepsiCo reaffirmed its full-year 2026 financial guidance following the quarterly performance. The company expects organic revenue growth between 2% and 4%. Constant currency earnings per share are projected to grow 4% to 6%.