Earnings summaries and quarterly performance for PEPSICO.
Executive leadership at PEPSICO.
Ramon Laguarta
Detailed
Chairman and Chief Executive Officer
CEO
DF
David Flavell
Detailed
Executive Vice President, General Counsel and Corporate Secretary
RS
Rebecca Schmitt
Detailed
Executive Vice President and Chief People Officer
SP
Silviu Popovici
Detailed
Chief Executive Officer, Europe, Middle East and Africa
SS
Stephen Schmitt
Detailed
Executive Vice President and Chief Financial Officer
SW
Steven Williams
Detailed
Chief Executive Officer, North America
Board of directors at PEPSICO.
AW
Alberto Weisser
Detailed
Director
CC
Cesar Conde
Detailed
Director
DV
Daniel Vasella
Detailed
Director
DP
David Page
Detailed
Director
DD
Dina Dublon
Detailed
Director
EC
Edith Cooper
Detailed
Director
IC
Ian Cook
Detailed
Presiding Director
JB
Jennifer Bailey
Detailed
Director
MG
Michelle Gass
Detailed
Director
RP
Robert Pohlad
Detailed
Director
SA
Segun Agbaje
Detailed
Director
SD
Sir Dave Lewis
Detailed
Director
SD
Susan Diamond
Detailed
Director
Research analysts who have asked questions during PEPSICO earnings calls.
DM
Dara Mohsenian
Morgan Stanley
6 questions for PEP
Also covers: CHD, CL, CLX +12 more
Filippo Falorni
Citigroup Inc.
6 questions for PEP
Also covers: CELH, CHD, CL +12 more
Kaumil Gajrawala
Jefferies
6 questions for PEP
Also covers: BARK, BRBR, BTMD +22 more
LL
Lauren Lieberman
Barclays
6 questions for PEP
Also covers: CCEP, CHD, CL +18 more
PG
Peter Grom
UBS Group
6 questions for PEP
Also covers: BRBR, CELH, CHD +25 more
AT
Andrea Teixeira
JPMorgan Chase & Co.
5 questions for PEP
Also covers: CELH, CENT, CHD +20 more
Bonnie Herzog
Goldman Sachs
5 questions for PEP
Also covers: CASY, CCEP, CELH +21 more
ML
Michael Lavery
Piper Sandler & Co.
5 questions for PEP
Also covers: BGS, BYND, CELH +22 more
Robert Moskow
TD Cowen
5 questions for PEP
Also covers: BGS, BRBR, BYND +27 more
RO
Robert Ottenstein
Evercore ISI
5 questions for PEP
Also covers: ABEV, BUD, CCEP +14 more
Christopher Carey
Wells Fargo & Company
4 questions for PEP
Also covers: CAG, CHD, CL +21 more
Kevin Grundy
BNP Paribas
4 questions for PEP
Also covers: CELH, CHD, CL +8 more
Bryan Spillane
Bank of America
3 questions for PEP
Also covers: BRBR, CCEP, CL +7 more
Peter Galbo
Bank of America
3 questions for PEP
Also covers: CAG, CL, CPB +23 more
Steve Powers
Deutsche Bank
3 questions for PEP
Also covers: BRBR, CHD, CL +22 more
Chris Carey
Wells Fargo Securities
2 questions for PEP
Also covers: CAG, CLX, COCO +10 more
Stephen Robert Powers
Deutsche Bank
2 questions for PEP
Also covers: BRBR, CHD, CL +20 more
CH
Charlie Higgs
Redburn Atlantic
1 question for PEP
Also covers: CCEP, KO
Drew Levine
JPMorgan Chase & Co.
1 question for PEP
Also covers: NAPA, PRMB, PRMW +2 more
Gregory Melich
Evercore ISI
1 question for PEP
Also covers: AAP, ASO, AZO +8 more
Stephen Powers
Deutsche Bank
1 question for PEP
Also covers: BRBR, CELH, CLX +7 more
Recent press releases and 8-K filings for PEP.
PepsiCo: Siemens and NVIDIA expand partnership to build industrial AI operating system
PEP
New Projects/Investments
- Siemens and NVIDIA broaden their strategic alliance to create an industrial AI operating system that spans design, construction, manufacturing, operations, and supply chains.
- The partnership will deliver an AI-accelerated portfolio including AI-native electronics development, simulation, adaptive manufacturing, and supply chain solutions, combining NVIDIA’s AI infrastructure with Siemens’ industrial hardware and software.
- Companies plan to establish the first fully AI-driven adaptive manufacturing facility in 2026 at Siemens’s electronics factory in Erlangen, using a “digital brain” powered by NVIDIA Omniverse libraries and CUDA-X.
- Siemens will integrate NVIDIA CUDA-X libraries and GPU acceleration into its electronic design automation (EDA) tools to achieve 2–10× performance improvements in verification, layout, and process optimization workflows.
4 days ago
PepsiCo announces AI and digital twin collaboration with Siemens and NVIDIA
PEP
New Projects/Investments
- PepsiCo unveiled a multi-year collaboration with Siemens and NVIDIA to deploy advanced digital twin and AI technology across its plant and supply chain operations, marking an industry first for a global CPG company.
- Early U.S. pilot deployments using Siemens Digital Twin Composer on NVIDIA Omniverse delivered a 20 percent increase in throughput, 10–15 percent reduction in Capex, and identified 90 percent of potential issues before physical modifications.
- The initiative supports PepsiCo’s shift to a digital-first planning strategy, embedding AI and physics-based simulations to optimize facility layouts and accelerate design cycles.
- The partnership, announced at CES 2026, aims to scale these digital twin implementations globally, creating a unified, real-time view of operations with AI-driven adaptability.
5 days ago
PepsiCo previews 2026 guidance and strategic initiatives
PEP
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- PepsiCo issued preliminary 2026 guidance early to set ambitious targets and improve internal accountability.
- Frito-Lay North America is expected to drive mid-single-digit organic revenue growth in 2026 through affordability investments, a robust innovation pipeline, and increased shelf space.
- The company aims for 100 basis points of core operating margin expansion over the next three fiscal years via structural productivity initiatives (automation, digitalization, simplification).
- CFO Steve Schmidt projects CapEx will moderate below 5% of net revenue, with a $1 billion final Tax Cuts and Jobs Act payment in 2026 and >90% free cash flow conversion by 2027.
Dec 9, 2025, 12:30 PM
PepsiCo issues early 2026 guidance and names new CFO
PEP
CFO Change
Guidance Update
Revenue Acceleration/Inflection
- PepsiCo published preliminary 2026 guidance ahead of its usual schedule to drive accountability and set clear targets for top-line acceleration and disciplined execution.
- Steve Schmidt joined as Executive Vice President and Chief Financial Officer in November, bringing expertise in retail, restaurant, logistics, and transportation to enhance growth discipline and cost efficiencies.
- Frito-Lay North America is identified as the primary growth lever, with investments in affordability, innovation (Lay’s relaunch, Tostitos restage, Naked line) and improved commercial execution to drive volume and market share gains.
- Capital allocation plans include moderating CapEx to below 5% of net revenue, maintaining a growing dividend, potential buyback increases, and achieving >90% free cash flow conversion in 2027 after the final Tax Cuts and Jobs Act payment.
Dec 9, 2025, 12:30 PM
PepsiCo outlines 2026 guidance and strategic priorities
PEP
Guidance Update
Revenue Acceleration/Inflection
- Early release of 2026 financial guidance to foster internal urgency and accountability on ambitious growth and profitability targets.
- Frito-Lay North America to accelerate from low-single-digit to mid-single-digit growth by reinvesting record productivity into affordability, innovation, and expanded retail space, based on multi-month customer tests.
- Global productivity pipeline aims for 100 bps of core operating margin expansion over three years, while moderating CapEx below 5% of net revenue and targeting >90% free cash flow conversion by 2027.
- Full re-franchising of North America beverage operations is off the table; PepsiCo is piloting an integrated food-and-beverage model in Texas with plans to scale by market and channel.
Dec 9, 2025, 12:30 PM
PepsiCo provides preliminary 2026 guidance and strategic update
PEP
Guidance Update
CFO Change
New Projects/Investments
- Issued early 2026 guidance to drive accountability and urgency, departing from the typical February timeline.
- Emphasis on accelerating PepsiCo Foods North America through affordability, innovation and improved commercial execution, targeting mid-single-digit organic revenue growth backed by customer space gains and promotional investments.
- Plans to deliver ≥100 bps of core operating margin expansion over the next three fiscal years via structural productivity initiatives; free cash flow conversion expected to exceed 90% by 2027 after a ~$1 billion Tax Act payment.
- No full re-franchising of North America beverage operations; piloting an integrated food-beverage model in Texas, with CapEx to moderate below 5% of net revenue and potential for increased share buybacks as cash flow improves.
Dec 9, 2025, 12:30 PM
PepsiCo releases preliminary 2026 guidance and strategic update
PEP
Guidance Update
CFO Change
Revenue Acceleration/Inflection
- PepsiCo provided 2026 preliminary guidance earlier than usual to drive accountability, underlining an ambitious yet achievable plan with stepped‐up execution urgency.
- Frito-Lay North America aims to transition from low single‐digit growth to “algorithm level” growth via affordability investments, innovation rollouts, space gains and incremental A&M, backed by three months of customer testing showing positive volume impact.
- CFO Steve Schmidt expects CapEx to moderate below 5% of net revenue, a final ~$1 billion tax payment in 2026, and free cash flow conversion above 90% in 2027, enabling sustained dividends and potential buybacks.
- International growth will be driven by entry‐level price points, global relaunches of Pepsi, Lay’s and Doritos, targeted affordability investments and cooler/rack expansions, supporting mid‐single digit growth.
- Emphasis on rigorous discipline and partnership between CEO Ramon Laguarta and new CFO Schmidt includes detailed annual operating plan (AOP) reviews and focus on maximizing returns from demand-generation spend.
Dec 9, 2025, 12:30 PM
PepsiCo announces priorities and preliminary 2026 financial outlook
PEP
Guidance Update
Share Buyback
- Strategic priorities include accelerating organic revenue growth, delivering record productivity savings and improving core operating margins through affordability, innovation and cost-reduction initiatives in PepsiCo Foods North America.
- 2026 financial outlook calls for 2–4% organic revenue growth, 4–6% net revenue growth, 5–7% core EPS growth (7–9% excluding global minimum tax), a 22% core tax rate, and 100 bps of core operating margin expansion over 2026–2028.
- Capital allocation framework targets capital spending below 5% of net revenue, continued dividend increases, share repurchases, and at least 80% free cash flow conversion in 2026.
- Following constructive engagement with Elliott Investment Management, PepsiCo plans ongoing board refreshment and will optimize its North America supply chain and go-to-market model, with detailed updates due in late 2026.
Dec 8, 2025, 9:34 PM
PepsiCo outlines strategic priorities and preliminary 2026 outlook
PEP
Guidance Update
- PepsiCo Foods North America will implement sharper value-tier pricing, expand product innovation and aggressively cut costs to drive organic revenue growth and improve core operating margin starting in fiscal 2026.
- Full-year 2026 organic revenue growth is expected to be 2–4%, implying 4–6% reported net revenue growth after a 1 ppt benefit from acquisitions and foreign exchange.
- Core EPS is projected to increase 5–7% (or 7–9% excluding global minimum tax impacts), and the company targets at least 100 bps of core operating margin expansion over the next three fiscal years.
- Capital spending is planned below 5% of net revenue, with free cash flow conversion of at least 80% in 2026 (rising to 90% in 2027), and increased cash returns to shareholders including dividends and share repurchases.
Dec 8, 2025, 9:30 PM
PepsiCo Nears Settlement with Elliott Management
PEP
Legal Proceedings
- PepsiCo is close to a settlement agreement with activist investor Elliott Management, which holds a roughly $4 billion stake in the company.
- Elliott is advocating to refranchise PepsiCo’s bottling operations and potentially divest less profitable food segments to streamline the portfolio.
- Discussions between PepsiCo and Elliott have been described as constructive but ongoing, with final settlement terms yet to be disclosed.
- In 2024, PepsiCo’s convenience foods accounted for 58% of total revenue, beverages the remainder, and the company reported an operating margin of 13.2%.
Dec 4, 2025, 10:49 PM
Quarterly earnings call transcripts for PEPSICO.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more