PepsiCo Inc (NASDAQ:PEP, XETRA:PEP) reported stronger-than-expected first quarter results on Thursday, supported in part by a rebound in its North American food division, while analysts pointed to early signs that recent pricing and product strategies are gaining traction. The company posted adjusted earnings per share of $1.61, ahead of Wall Street expectations of $1.55.
The shares of PepsiCo Inc (NASDAQ:PEP) are 3.1% higher to trade at $158.81, after the beverage and snack maker posted a first-quarter earnings and revenue beat.
While the top- and bottom-line numbers for PepsiCo (PEP) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PepsiCo reported better-than-expected earnings and revenue for the first quarter, signalling early success in efforts to revive its underperforming snacks business even as broader economic uncertainty persists. The food and beverage giant said net income rose to $2.33 billion, or $1.70 a share, for the quarter ended March 21, compared with $1.83 billion, or $1.33 a share, a year earlier.
PepsiCo (PEP) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.48 per share a year ago.
The soda and snacks company logged higher profit and revenue in the first quarter, as steps to turn around its snacks business are starting to bear fruit.
PepsiCo beat analysts' estimates for quarterly revenue and stuck to its annual targets on Thursday, as recent price cuts for key snack brands helped revive demand in the U.S. and continued strength in its energy drinks and prebiotic sodas.
PepsiCo's quarterly earnings and revenue topped Wall Street's expectations. The company's struggling North American food business reported a return to volume growth.
PepsiCo is set to report its first-quarter earnings on Thursday, with investors closely watching whether the company can sustain growth momentum while navigating persistent cost pressures and uneven demand trends across key segments. The food and beverage giant is expected to post earnings of $1.55 per share for the quarter, representing a 4.7% increase from a year earlier.
PepsiCo (NASDAQ:PEP | PEP Price Prediction) trades at $156.20 as of writing and our price target for the stock is $177.14, implying upside of 13.41% over the next 12 months.
PEP nears Q1 results with solid growth forecasts and innovation momentum, but tariff costs and North America softness may test margins.
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