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
8 questions for PEP
Also covers: CHD, CL, CLX +14 more
Filippo Falorni
Citigroup Inc.
8 questions for PEP
Also covers: BF-A, CELH, CHD +14 more
Kaumil Gajrawala
Jefferies
8 questions for PEP
Also covers: BARK, BGS, BRBR +23 more
LL
Lauren Lieberman
Barclays
8 questions for PEP
Also covers: CCEP, CHD, CL +18 more
PG
Peter Grom
UBS Group
8 questions for PEP
Also covers: BRBR, CELH, CHD +26 more
AT
Andrea Teixeira
JPMorgan Chase & Co.
7 questions for PEP
Also covers: CELH, CENT, CHD +20 more
Bonnie Herzog
Goldman Sachs
7 questions for PEP
Also covers: CASY, CCEP, CELH +21 more
ML
Michael Lavery
Piper Sandler & Co.
7 questions for PEP
Also covers: BGS, BYND, CELH +26 more
Robert Moskow
TD Cowen
7 questions for PEP
Also covers: BGS, BRBR, BYND +28 more
RO
Robert Ottenstein
Evercore ISI
7 questions for PEP
Also covers: ABEV, BUD, CCEP +14 more
Kevin Grundy
BNP Paribas
6 questions for PEP
Also covers: BF-A, CELH, CHD +9 more
Peter Galbo
Bank of America
5 questions for PEP
Also covers: CAG, CL, CPB +23 more
Steve Powers
Deutsche Bank
5 questions for PEP
Also covers: BF-A, BRBR, CHD +24 more
Chris Carey
Wells Fargo Securities
4 questions for PEP
Also covers: CAG, CHD, CL +17 more
Christopher Carey
Wells Fargo & Company
4 questions for PEP
Also covers: CAG, CHD, CL +21 more
Bryan Spillane
Bank of America
3 questions for PEP
Also covers: BRBR, CCEP, CL +7 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: BF-A, NAPA, PRMB +3 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 +8 more
Recent press releases and 8-K filings for PEP.
PepsiCo-acquired poppi founders sign with SolComms
PEP
- PepsiCo acquired poppi for $1.95 billion in March 2025.
- Post-acquisition, co-founders Allison and Stephen Ellsworth signed with SolComms to manage executive communications, including storytelling, media relations, and thought leadership.
- The duo will focus on advising consumer brands, angel investing, and public speaking following the sale.
3 days ago
PepsiCo reports solid 2025 results and issues 2026 guidance
PEP
Earnings
Guidance Update
Share Buyback
- Delivered 5% net revenue growth to DKK 15,723 m and 12% EBIT increase, lifting the margin by 90 bps to 14.0% in 2025.
- Adjusted EPS rose 25% to DKK 31.4, ROIC improved to 13%, and financial leverage stood at NIBD/EBITDA 2.0x at year-end.
- Proposed ordinary dividend of DKK 16.00 per share and launched a DKK 400 m share buy-back program running through August 14, 2026.
- 2026 outlook: 6–10% organic EBIT growth with net revenue broadly flat versus 2025, supported by operational efficiencies and revenue‐quality initiatives.
7 days ago
PepsiCo outlines portfolio transformation and productivity roadmap at CAGNY 2026
PEP
Revenue Acceleration/Inflection
- $94 billion in revenue and $15 billion in operating profit in FY 2025; accelerating net revenue growth through restaging of top brands (Lay’s, Tostitos, Gatorade, Quaker) and innovation across fiber, hydration, protein, and energy segments
- Emphasis on expanding away-from-home occasions via crafted beverage concepts and mini-meals, backed by a multi-year productivity push using technology such as digital twins and automated ordering
- Q4 momentum saw net revenue growth improve from –2% to 5.5%, organic net revenue growth from ~1% to >2%, core operating margin up over 100 bps, and double-digit EPS growth
- Capital allocation priorities include ~5% of net revenue in capex, free cash flow conversion target >90% by 2027 (post-TCJA), a 4% dividend increase marking the 54th consecutive year, and selective M&A
Feb 18, 2026, 2:00 PM
PepsiCo outlines portfolio transformation and growth strategy at CAGNY 2026
PEP
Revenue Acceleration/Inflection
New Projects/Investments
Product Launch
- PepsiCo is restaging four flagship brands (Lay’s, Tostitos, Gatorade, Quaker) with simpler ingredients, alternative cooking oils and fresh‐look packaging globally—leveraging events like FIFA to drive trial and share gains.
- The company targets a multi-year productivity acceleration, delivering record savings to fund strategic investments and achieve +100 bps operating-margin improvement over three years through scale and tech adoption.
- Innovation priorities include zero/low-sugar, no-artificial products by 2027, plus expansion in fiber, hydration, protein and energy segments via new offerings like Propel powders and Doritos Protein.
- PepsiCo is expanding away-from-home distribution and new consumption occasions, with concepts such as DRIPS by Pepsi (crafted beverages) and mini-meals to capture out-of-home growth.
- Q4 momentum saw organic net-revenue growth rise from 1% to >2%, total net-revenue up 5.5%, double-digit EPS growth, and >100 bps operating-margin expansion—while marking the 54th consecutive year of dividend increases.
Feb 18, 2026, 2:00 PM
PepsiCo outlines multi-year growth strategy at CAGNY 2026
PEP
Product Launch
Revenue Acceleration/Inflection
- Accelerating growth through portfolio transformation and away-from-home expansion, with a focus on innovation in core brands and creating new consumption occasions outside the home.
- Restaging four $15 billion brands (Lay’s, Tostitos, Gatorade, Quaker) globally by introducing simple, natural ingredients, alternative cooking oils, reduced sugar and no artificial colors/flavors by end-2027.
- Developing mini-meal and D2C concepts such as Doritos Loaded, Sabra and Siete meal kits, and testing store-within-a-store and restaurant-powered delivery in Europe to capture on-the-go occasions.
- Targeting at least 100 bps of core operating margin improvement over three years, capping capital expenditures below 5%, and achieving ~90% free cash flow conversion in 2027 after the final TCJA payment.
- Maintaining long-term financial algorithm of mid-single-digit organic revenue growth, high single-digit EPS growth and a rising dividend, while acknowledging 2026 guidance will ramp through the year to these goals.
Feb 18, 2026, 2:00 PM
PepsiCo prices €2.5 billion senior notes
PEP
Debt Issuance
- On February 4, 2026, PepsiCo issued four tranches totaling €2,500 million: €500 million floating-rate notes due 2028, €650 million 3.300% notes due 2034, €850 million 3.700% notes due 2038 and €500 million 4.150% notes due 2047.
- The offering generated net proceeds of €2,482 million, which will be used for general corporate purposes, including repayment of commercial paper.
- Joint book-running managers for the deal were BNP Paribas, Goldman Sachs, Mizuho International and Morgan Stanley.
Feb 11, 2026, 9:15 PM
PepsiCo to cut snack prices up to 15%
PEP
Demand Weakening
- PepsiCo will cut suggested retail prices on popular snacks—Lay’s, Doritos, Cheetos and Tostitos—by up to 15%, including roughly 14% off an 8-oz bag of Lay’s and an $0.80 cut on a 9.25-oz bag of Doritos, starting this week ahead of Super Bowl shopping.
- Price reductions are described as “selective and surgical”, focusing on products where price is the biggest barrier; actual in-store prices may vary by retailer.
- The move forms part of measures under an agreement with activist investor Elliott Investment Management, under which PepsiCo has agreed to cut its North American product lineup by about 20%.
- Alongside the price cuts, PepsiCo reported stronger-than-expected Q4 results, noting a 1% decline in North American food volumes and saw its stock rise 5% on the announcement.
Feb 3, 2026, 1:34 PM
PepsiCo discusses strategic initiatives and 2026 guidance in Q4 2025 call
PEP
Earnings
Guidance Update
- Affordability initiatives in Frito-Lay North America to drive volume, sales, and op margins early in 2026, funded by productivity gains; expecting double-digit shelf-space gains at resets.
- 2026 guidance sees organic sales strengthening in H2, with balanced first-half and second-half EPS; international mid-single-digit growth and acceleration from North America foods and beverages.
- Restaging of core brands (Lay’s, Tostitos, Gatorade, Quaker) and targeted perimeter innovations (e.g., Naked, protein, fiber) to simplify ingredients and capture new consumer segments.
- Anticipates broader GLP-1 adoption; focusing on portion control, hydration (Gatorade, Propel), fiber and protein innovations to meet evolving consumer needs.
- Piloting integrated food and beverage distribution in Texas and Florida, showing initial cost-efficiency and service benefits; further roll-out plans by year-end.
Feb 3, 2026, 1:15 PM
PepsiCo announces Q4 2025 results
PEP
Earnings
Guidance Update
- Frito-Lay will grow volume, net revenue and operating margin in 2026, funded by productivity gains to accelerate affordability initiatives, with average shelf space gains in resets running in double digits.
- Company-wide sales are expected to strengthen in 2H 2026, with EPS growth balanced between first and second halves, and organic growth boosted by integrations of Poppi, Siete and Alani Nu.
- Health-focused innovation and portion control (single-serve, fiber, protein) are key to address broader GLP-1 adoption, preserving category relevance through smaller packs and functional beverages.
- Beverage margins to continue improving, leveraging the energy segment via Celsius and Alani Nu partnerships with growing distribution and brand-building investments.
- Guidance assumes a stretched low-income US consumer, mid-single digit growth in international markets (notably Mexico, China, Middle East) and caution in Western Europe, forming the basis for the 2026 outlook.
Feb 3, 2026, 1:15 PM
PepsiCo reports Q4 2025 results and provides 2026 outlook
PEP
Earnings
Guidance Update
Product Launch
- Frito-Lay unit forecast: expects PFMA volume, net revenue and operating margin expansion in 2026, driven by targeted affordability investments funded by productivity gains and anticipated double-digit shelf-space gains in retail resets starting March/April.
- Organic sales guidance: projects international segment to grow mid-single digits (19-quarter trend), with further acceleration in North America beverages and foods in H2 2026; EPS to be balanced between H1 and H2.
- Brand innovation: major relaunches of Lay’s, Tostitos, Gatorade and Quaker featuring simpler ingredients and enhanced functionality, alongside peripheral launches (e.g., Naked, Pepsi prebiotics) to attract younger consumers.
- GLP-1 response: plans to address rising adoption of weight-loss drugs via portion-controlled formats, expanded hydration (Gatorade, Propel), fiber and protein offerings to maintain category relevance.
Feb 3, 2026, 1:15 PM
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