PepsiCo reported second-quarter earnings on July 9, 2026.
Quarterly revenue reached $24.18 billion, exceeding analyst expectations. Core earnings per share hit $2.20, which sat within $0.01 of consensus estimates. The company reaffirmed its full-year financial guidance for 2026.
PepsiCo shares fell 1.1% in pre-market trading. Investors reacted to performance concerns within the North American market.
PepsiCo Foods North America reported flat volumes despite implemented price cuts. The North American beverage division saw volumes continue to decline. Analysts identified these trends as evidence of softening consumer demand.