Procter & Gamble reports broad-based Q3 growth while PepsiCo’s domestic snack sales fall 2% despite international gains.
Procter & Gamble (PG) posted fiscal Q3 net sales of $21.24 billion, up 7.4% year over year, driven by 7% organic growth in its Beauty segment. Core EPS reached $1.59, surpassing the $1.5552 consensus, with all five segments contributing to growth.
PepsiCo (PEP) delivered Q2 2026 revenue of $24.18 billion, a 6.4% increase, but saw a 2% decline in North American snack sales. International markets performed strongly, with Latin America Foods up 15% and EMEA rising 10%. Core EPS hit $2.20, reflecting mixed regional performance.
Both companies reaffirmed guidance amid tariff pressures, with PG cutting 7,000 jobs to offset costs. PepsiCo’s forward P/E stands at 17 with a 3.92% yield, while PG focuses on premiumization and cost efficiency.