PepsiCo reports strong quarterly results while cutting annual profit guidance

PepsiCo reported its third-quarter 2026 results on October 8, beating expectations for both revenue and profit. The company brought in $25.27 billion in revenue, up 5.6% from the same period last year. Adjusted earnings per share reached $2.34, above the $2.29 that analysts had predicted.

Despite these strong results, PepsiCo cut its full-year profit growth forecast. The company now expects core earnings per share to grow by 2.5% to 3.5%, down from its earlier forecast of 5% to 7%. The reason is that its North American business has recovered more slowly than expected. Sales outside North America have been stronger. The company did raise its full-year revenue growth forecast to around 6%.