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Verified earnings summary

Research updated: Jul 12, 2026, 12:00 AM UTC

PEP FY2026 Q2

For the 12 weeks ended June 13, 2026, PepsiCo reported net and organic revenue growth with improving global volume and strong international performance, while North America remained softer and core operating margin contracted.

This page provides a source-verified release summary. It does not display a normalized metric table or post-earnings market reaction until those fields are independently verified.

Constructive signals after the release

  • International organic revenue growth remained strong and broad-based, supported by volume growth across convenient foods and beverages and continued scaling in developing and emerging markets.
  • Expansion in functional, permissible, portion-controlled, and zero-sugar products can improve relevance across health, hydration, energy, and affordability occasions.
  • Automation, digitalization, simplification, and operational improvements are intended to create structural savings that fund brand investment and improve operating leverage.

Risks that still need monitoring

  • North America softness

    North America organic revenue trailed expectations, with subdued beverage volume and lower effective pricing in convenient foods pointing to a more gradual recovery.

  • Cost and margin pressure

    Core operating margin contracted as operating costs, affordability investments, and beverage volume and channel mix offset productivity and pricing benefits; input-cost inflation is expected to rise in the second half.

  • Consumer and regulatory change

    Shifting health preferences and regulation of ingredients, labeling, packaging, marketing, and environmental impacts can require reformulation, constrain demand, or increase costs.

Primary sources

PepsiCo Reports Second-Quarter 2026 ResultsPepsiCo, Inc. · earningsVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 7/9/2026, 12:00:00 AM

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PepsiCo Investor RelationsPepsiCo, Inc. · companyVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

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PepsiCo Form 10-Q for the 12 and 24 Weeks Ended June 13, 2026U.S. Securities and Exchange Commission · filingVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 7/9/2026, 12:00:00 AM

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