PepsiCo reported third-quarter 2026 core earnings per share of $2.34, beating the Zacks Consensus Estimate of $2.29 and rising 2% year over year, while net revenues climbed 5.6% to $25.27 billion, topping the $24.88 billion consensus. Organic revenues grew 3.1%, the company's strongest since the fourth quarter of 2023, as international organic revenues advanced 8% for a 22nd consecutive quarter of at least mid-single-digit growth. Reported operating profit rose 19% to $4.26 billion and core operating profit rose 3% to $4.28 billion, helped by $178 million in tariff refunds. PepsiCo updated its 2026 outlook, now expecting organic revenue growth of 3% and reported net revenue growth of 6%, while lowering core constant-currency earnings growth to 1-2% and core earnings growth to 2.5-3.5%, and maintained its shareholder cash-return target of $8.9 billion.
PepsiCo IncQ3 core EPS and revenue beat estimates, with operating profit up 19% and updated 2026 outlook.
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