PepsiCo is expected to report third-quarter 2026 results on Oct. 8 before the opening bell, with the Zacks Consensus Estimate pegging revenues at $24.9 billion, implying 3.9% growth from the year-ago quarter, and quarterly earnings at $2.29, flat with the prior-year quarter. The consensus earnings mark has moved down by a penny in the past seven days, and PepsiCo currently carries a Zacks Rank #4 (Sell) with an Earnings ESP of -0.10%. North America remains the key area to monitor: in the second quarter of 2026, North America organic revenues edged down 0.5%, PepsiCo Foods North America revenues fell 2% due mainly to lower effective net pricing, and PepsiCo Beverages North America posted 1% organic revenue growth while organic volume declined 4%. International organic revenues advanced 7% in the second quarter, marking the 21st consecutive quarter of at least mid-single-digit growth, and the model predicts third-quarter revenues for the International Beverages Franchise segment to improve 9% year over year, with international convenient foods revenues for EMEA, LatAm Foods and the Asia-Pacific expected to increase 7%, 5% and 10%, respectively. The second-quarter 2026 core operating margin declined 40 basis points as affordability investments, cost inflation and unfavorable mix weighed on profitability, and PepsiCo expects higher input-cost inflation in the second half with earnings growth weighted toward the fourth quarter. At a current stock price of $125.89, PepsiCo trades 0.6% above its 52-week low of $125.16 and 26.6% below its 52-week high of $171.48, and the stock has lost 12.1% over the past three months.
PepsiCo IncPepsiCo carries a Zacks Rank #4 (Sell) with a negative Earnings ESP and consensus EPS trimmed ahead of its Oct. 8 Q3 report.
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