PepsiCo Inc (NASDAQ:PEP, XETRA:PEP) shares fell about 4% on Thursday after the food and beverage company reported fiscal second-quarter adjusted earnings that came in slightly below Wall Street expectations, despite revenue topping estimates and the company reaffirming its…
ll-year outlook. PepsiCo reported adjusted earnings per share of $2.20, compared with analysts’ consensus estimate of $2.21
Net revenue rose 6.4% year over year to $24.18 billion, exceeding expectations of $23.95 billion. The company said second quarter revenue growth was driven by effective net pricing, organic volume growth, foreign exchange benefits and acquisitions. International operations continued to support overall performance, with each international segment posting strong net revenue growth.
PepsiCo said Asia Pacific Foods, International Beverages Franchise, and Europe, Middle East and Africa benefited from organic volume growth, while Latin America Foods showed sequential improvement in organic volume trends. In North America, the convenient foods business gained volume market share through innovation and affordability initiatives, although net revenue declined, primarily reflecting lower effective net pricing. The beverages business posted strong net revenue growth, supported by acquisitions completed in 2025 and organic growth. “Our second quarter results featured strong organic volume and net revenue growth for the global convenient foods and global beverages businesses,” PepsiCo CEO Ramon Laguarta said. “Year-to-date, PepsiCo’s global organic volume has increased at the highest rate since 2022 – aided by the strength of the international business and the continued evolution of the portfolio to offer more choices through portion control varieties, diverse ingredients, functional benefits such as hydration, protein and fiber, energy and zero sugar beverage varieties.” The company reaffirmed its fiscal 2026 guidance, continuing to expect organic revenue growth of between 2% and 4%…