PepsiCo, Inc. · PEP · Next earnings

PepsiCo, Inc. reports Thursday, Oct 8, 2026

PEP reports before market open with consensus EPS at $2.30 and revenue at $25.00B. Last quarter: PepsiCo Q2 2026: 7% First-Half Revenue Growth, International Leads Despite Domestic Softness

Reports Before market open18 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $2.30 Calendar consensus
Consensus revenue $25.00B Calendar consensus
Report date Oct 8, 2026 Thursday, date estimated
Session Before market open 18 days away

Where PEP left off: FY2026 Q2

Full report

PepsiCo Q2 2026: 7% First-Half Revenue Growth, International Leads Despite Domestic Softness

EPS surprise +0.5% Reported $2.20 vs $2.19
Revenue surprise +1.0% Reported $24.18B vs $23.95B
Stock move -3.3% Event window
Subsequent drift +1.4% Up to 20 sessions

Management maintained full-year EPS and revenue guidance. Tariff refund claims are expected to add roughly one full point of EPS for the year, helping offset commodity inflation pressures. A higher effective tax rate flagged for Q3 was acknowledged but did not alter the full-year outlook.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Commodity price inflation, especially in EMEA, could pressure margins.
  • Higher gasoline prices may hurt impulse and convenience channel sales.
  • Margin pressure in PBNA from the Alani Nu agreement and unfavorable mix shift.
  • Potential higher effective tax rate in Q3.
  • Execution delays in price-investment tactics and shelf-space expansion timelines.

Questions analysts left open

  • Flat volume in PFNA and weaker-than-expected PBNA performance.
  • Effectiveness of affordability pricing and return on trade-investment spending.
  • Sustainability of international growth amid commodity inflation.
  • Timing of shelf-space increases and impulse-channel recovery.
  • Impact of higher tax rate and timing of tariff refund benefits.

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Recent PEP quarters

All PEP earnings
-3.3%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

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.