APRIL 16, 2026 AT 09:59 AM
PepsiCo (PEP) Q1 2026 (USD): EPS 1.61 (exp. 1.55), Revenue 19.4bln (exp. 18.94bln)
Importance
Level 1
GUIDANCE:
- Affirms FY26 core constant EPS growth of 4-6%
- Affirms revenue growth view of 2-4%)
- Maintains USD 8.9bln shareholder returns target (USD 7.9bln dividends, USD 1.0bln buybacks)
- Sees around 1ppts of FX headwinds
COMMENTARY:
- Encouraged with the resilience of the International business;
- North America continued to make progress in Q1
- Ahead, aims to successfully execute commercial plans, tightly manage costs to help fund investments to accelerate growth.
- Affirms FY26 guidance and expected cash returns to shareholders, including the previously announced 4% increase in the annualised dividend.