PepsiCo, Inc. · PEP · Next earnings

PepsiCo, Inc. reports Tuesday, Feb 2, 2027

PEP reports before market open with consensus EPS at $2.24 and revenue at $30.42B. Last quarter: PepsiCo: International Growth Offsets U.S. Soft-Drink and Margin Pressure

Reports Before market open90 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $2.24 Calendar consensus
Consensus revenue $30.42B Calendar consensus
Report date Feb 2, 2027 Tuesday, date estimated
Session Before market open 90 days away

Where PEP left off: FY2026 Q3

Full report

PepsiCo: International Growth Offsets U.S. Soft-Drink and Margin Pressure

EPS surprise +2.2% Reported $2.34 vs $2.29
Revenue surprise +1.3% Reported $25.27B vs $24.95B
Stock move +3.7% Event window
Subsequent drift -1.8% Up to 20 sessions

Guidance sentiment moved from maintained in the prior quarter to lowered in Q3, with management pointing to commodity pressure, hedge roll-offs, and the loss of a tariff benefit.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Commodity and input-cost inflation as hedging programs expire.
  • Competitive pressure and weak volume in U.S. soft drinks.
  • Execution risk in pricing, retail and on-premise channels, refranchising, and distribution restructuring.

Questions analysts left open

  • Why margin guidance was reduced, including commodity-cost and hedge roll-off effects.
  • Whether North American pricing and net-revenue management can improve soft-drink performance.
  • The execution risk around SKU rationalization, refranchising, and distribution changes.

Ask FN2 about PEP next report

Transcript, numbers and history already loaded
What should I watch for in PEP's next earnings report?How did PEP guide last quarter, and is consensus above or below that?Give me the bull and bear case going into PEP earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Get the PEP recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Recent PEP quarters

All PEP earnings
+3.7%FY2026 Q3-3.3%FY2026 Q2+2.3%FY2026 Q1+4.9%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.