The company disclosed adjusted earnings of $2.20 per share, which was slightly below analyst expectations of $2.21 per share.
It recorded quarterly revenue of $24.18 billion, an increase from $22.73 billion a year earlier, surpassing analyst forecasts of $23.96 billion.
In the second quarter, core operating profit increased by 4 percent, although the core operating margin contracted by 40 basis points. The firm attributed this performance to productivity savings and effective net pricing, despite certain operating cost increases.
For fiscal year 2026, PepsiCo expects earnings per share to range from $8.55 to $8.71, compared to analyst expectations of $8.64 per share. Revenue is projected to be between $97.68 billion and $99.56 billion, against consensus estimates of $98.88 billion.~
Chairman and CEO, Ramon Laguarta, stated, “Our second quarter results featured strong organic volume and net revenue growth for the global convenient foods and global beverages businesses. Year-to-date, PepsiCo’s global organic volume has increased at the highest rate since 2022 – aided by the strength of the international business and the continued evolution of the portfolio to offer more choices through portion control varieties, diverse ingredients, functional benefits such as hydration, protein and fiber, energy and zero sugar beverage varieties.”
