PepsiCo Q2 Revenue Rises 6.4% to $24.18 Billion, Beating Estimates

Yahoo Finance·28 Sep 2026·

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Summary · why it matters

PepsiCo reported second-quarter revenues of $24.18 billion, up 6.4% year on year and 0.8% above analysts' expectations, though the stock has fallen 9.8% since the results and trades at $128.50. The results came as the 13 beverages, alcohol, and tobacco stocks tracked by the report delivered a satisfactory quarter overall, with group revenues beating consensus estimates by 1% and next-quarter revenue guidance coming in 2.2% above expectations, even as share prices across the group fell an average of 10.4% since the latest earnings results. Vita Coco posted the group's best quarter, with revenues of $216.2 million, up 28.1% year on year and 3% ahead of estimates, alongside beats on EPS and gross margin estimates and the highest full-year guidance raise in the group, though its stock is down 21.1% since reporting and trades at $58.77. Celsius turned in the weakest quarter, with revenues of $817.9 million, up 10.6% year on year but 6.2% short of analysts' expectations, marked by significant misses on EBITDA and EPS estimates; its stock is down 4% since the results and trades at $27.99. Among other peers, Molson Coors reported revenues of $3.10 billion, down 3.3% year on year and in line with expectations, with its stock down 13.9% at $36.05, while Altria reported revenues of $5.36 billion, up 1.2% year on year and in line with expectations, with its stock down 8.3% at $68.69.

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Altria Group ±

Molson Coors Brewing Co Class B ▼