PepsiCo is scheduled to report third-quarter earnings on Thursday before the opening bell, with analysts expecting earnings of $2.29 per share, flat versus the same period a year earlier, and revenue up 3.9% to $24.88 billion. Estimates for the quarter have declined slightly over the past 60 days, and the Zacks Rank #4 (Sell) stock has surpassed earnings estimates in each of the past four quarters. North American demand remains soft while pricing power is moderating, and higher input costs continue to pressure margins, though productivity savings and tariff refunds should offset part of that pressure. PepsiCo intends to increase advertising, marketing and portfolio investments, which may limit near-term margin recovery. Shares are down 7% in 2026 even as the broader market approaches new heights, and the stock is trading near a 52-week low.
PepsiCo IncQ3 EPS expected flat at $2.29 with estimates cut over past 60 days and Zacks Rank #4 (Sell), signaling weak earnings momentum.
