PepsiCo is identifying structural cost reduction actions to be implemented in the coming months to address performance in North America. Regional net revenue growth was mixed, with LatAm Foods rising 14% and Asia Pacific Foods increasing 10%, while PBNA grew 5%. For fiscal 2026, the company targets a free cash flow conversion ratio of at least 80% and an annual effective tax rate of 21%, down from 22%.
Wednesday, October 21, 2026
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PepsiCo Lowers Annual Forecast After Third Quarter Beat
Earnings13 days ago
The beverage and snack maker reported third-quarter core earnings per share of $2.34 and net revenue of $25.27B, both exceeding IBES estimates of $2.29 and $24.96B, respectively. However, organic revenue growth for the period was 3.1%, falling short of the 3.8% expected by analysts. PepsiCo consequently lowered its full-year core organic revenue growth outlook to about 3% from the 4.2% estimate and revised its full-year core EPS growth projection to a range of 2.5% to 3.5%.
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