PepsiCo beat estimates
PepsiCo reported Q1 EPS of $1.61 versus $1.55 expected and revenue of $19.44 billion compared with $18.94 billion forecast, beating Street estimates. (x.com) The results were posted April 15 and are being cited in market reactions to consumer‑staples earnings this week. (x.com)
PepsiCo opened 2026 with stronger-than-expected sales and profit as its snack business in North America returned to volume growth. (pepsico.com) (cnbc.com) The company reported first-quarter net revenue of $19.443 billion for the 12 weeks ended March 21, 2026, up 8.5% from $17.919 billion a year earlier. Core earnings per share were $1.61, while reported earnings per share were $1.70. (pepsico.com) PepsiCo said organic revenue rose 2.6%, and its North America foods business posted 2% volume growth after several quarters of pressure from higher prices. The company had cut prices in February on brands including Lay’s and Doritos by as much as 15%, according to Reuters and CNBC. (pepsico.com) (usnews.com) (cnbc.com) That volume figure is the number investors watch to see whether shoppers are buying more bags and bottles, not just paying more for them. PepsiCo’s release said the quarter also got help from foreign exchange, acquisitions and divestitures, while CNBC reported contributions from the Poppi acquisition and new distribution for Alani Nu. (pepsico.com) (cnbc.com) PepsiCo kept its full-year 2026 guidance in place. Chief Executive Ramon Laguarta said the company was “encouraged with the resilience of the International business,” while Chief Financial Officer Steve Schmitt said the macroeconomic environment had become “more volatile and uncertain” because of geopolitical conflicts. (pepsico.com) (usnews.com) The quarter lands as consumer-staples investors are testing whether big food and drink companies can hold demand after two years of inflation-driven price increases. Reuters said PepsiCo’s results also arrived as markets weighed higher energy and raw-material costs tied to the war involving Iran and the broader Middle East. (usnews.com) Not every part of the business improved. CNBC reported PepsiCo’s North America beverage volume fell 2.5%, and the company said it plans to “restage” Gatorade with lower-sugar options and the removal of artificial colors from some products. (cnbc.com) PepsiCo also said it expects to return cash to shareholders in 2026, including a 4% increase in its annualized dividend starting with the June 2026 payment. After a quarter shaped by price cuts, portfolio changes and cautious guidance, the company is now betting that steadier volumes can carry the rest of the year. (pepsico.com)
