PepsiCo reports higher Q3 revenue and earnings, cuts 2026 EPS outlook

PepsiCo reported third-quarter 2026 net revenue of $25.3 billion, up 5.6% from a year earlier, while GAAP diluted EPS rose 17% to $2.23 and core EPS increased 2% to $2.34 for the 12 weeks ended September 5, 2026. The company raised its full-year net revenue growth outlook to approximately 6% and organic revenue growth to about 3%, but lowered core constant-currency EPS growth guidance to 1%-2% and core EPS growth guidance to 2.5%-3.5%; PepsiCo still expects to return $8.9 billion to shareholders through dividends and buybacks.