PepsiCo, Inc. delivered solid Q2 results, with 6.4% net revenue growth and 2.4% organic growth despite macro headwinds. PEP maintains pricing power and moats, executing well even as North America food and beverage volumes face pressure. Valuation at ~16.5x P/E and a >6% earnings yield supports a Buy rating for PEP, with mid-single-digit EPS CAGR plausible.
PEP beats on Q2 earnings on a rise in organic revenues, improved volumes and solid international growth, offsetting margin pressure and North America softness.
PepsiCo, Inc. (PEP) Q2 2026 Earnings Call Transcript
PepsiCo Inc (NASDAQ:PEP, XETRA:PEP) shares fell about 4% on Thursday after the food and beverage company reported fiscal second-quarter adjusted earnings that came in slightly below Wall Street expectations, despite revenue topping estimates and the company reaffirming its full-year outlook. PepsiCo reported adjusted earnings per share of $2.20, compared with analysts' consensus estimate of $2.21.
PepsiCo Inc (NASDAQ:PEP) stock is down 5% to trade at $135.34 this morning, after the Coca-Cola (KO) rival shared mixed second-quarter results.
Although the revenue and EPS for PepsiCo (PEP) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
With PepsiCo (NASDAQ:PEP | PEP Price Prediction) set to report Q2 2026 earnings before the market opens on July 9, 2026, investors are asking whether to buy the beverage and snacks giant ahead of the earnings report.
PepsiCo (PEP) came out with quarterly earnings of $2.2 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $2.12 per share a year ago.
Shares of PepsiCo fell in early Thursday trading after the beverage and snack giant's fiscal second-quarter profit and revenue beat expectations — but didn't prompt an increase in the full-year outlook.
PepsiCo reported weaker-than-expected quarterly earnings. The company's revenue topped Wall Street's estimates, boosted by strong international demand for its snacks and drinks.
PepsiCo (PEP) is scheduled to report Q2 2026 results before the market opens on Thursday, July 9, kicking off the earnings season for many consumer staples companies.
PepsiCo is scheduled to post its latest quarterly results ahead of the opening bell Thursday. The food and beverage giant's stock could undergo a sizable swing to finish the week.