Pepsico Adjusts Forecast Amid Rising North American Expenses
WHO:
ABC News - PepsiCo, based in Purchase, New York, is the company involved in the report.
Bloomberg - Ken Shea of Bloomberg Intelligence provided insights on the company's performance.
WHAT:
Bloomberg - PepsiCo's share price reaction was described as a rebound after a period of weakness, rather than a sign of broad optimism.
Bloomberg - Barclays US Equity Research Analyst Lauren Lieberman noted that the acknowledgment from PepsiCo that the status quo is not working was the day's biggest surprise.
Bloomberg - PepsiCo will be raising some prices in the coming months after cutting prices on some marquee brands earlier this year.
ABC News - Snack food volumes rose 11% in the Asia Pacific region, contributing to the overall global snack food volume increase of 4%.
ABC News - PepsiCo reported net revenue of $25.27 billion in the July-September period, a 5.6% increase.
ABC News - Wall Street had expected revenue of $24.95 billion, according to analysts polled by FactSet.
ABC News - Global snack food volumes increased by 4%, the highest growth rate since 2021.
ABC News - PepsiCo's North American results showed Frito-Lay snack food volumes were flat and beverage volumes decreased by 2%.
ABC News - Net income rose 17% to $3.07 billion in the third quarter.
ABC News - Adjusted earnings per share were $2.34, exceeding the expected $2.29 per share.
ABC News - PepsiCo lowered its earnings expectations for the year, now expecting adjusted earnings per share growth of 2.5% to 3.5%, down from a previous forecast of 5% to 7%.
ABC News - The company now expects full-year revenue growth of 6%, the high end of earlier forecasts of 4% to 6%.
WHERE:
ABC News - The company is based in Purchase, New York.
ABC News - PepsiCo reported strong demand for Lay's snacks in key markets like China and Brazil.
WHY:
Bloomberg - The recovery in North America is taking longer than expected for PepsiCo.
Bloomberg - PepsiCo is facing higher costs in North America that are impacting margins.
ABC News - The company is prioritizing innovation and more effective marketing to improve business in North America.
HOW:
ABC News - PepsiCo plans to cut corporate costs and initiate other measures not directly tied to sales growth in the coming months.
(UPDATED October 9, 2026 00:00 UTC)
PepsiCo's share price has shown a rebound after a period of weakness, but analysts caution that this isn't necessarily a sign of broad optimism. Lauren Lieberman, a Barclays US Equity Research Analyst, highlighted that the company's admission that the current status quo isn't effective was the biggest surprise of the day. This acknowledgment may signal a shift in strategy for the beverage giant moving forward.
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(UPDATED October 8, 2026 17:12 UTC)
PepsiCo has announced plans to raise prices on certain products in the coming months, following earlier price cuts on some of its well-known brands. This decision comes as snack food volumes in the Asia Pacific region surged by 11%, helping to drive a global increase of 4% in snack food sales. The company is facing a slower-than-anticipated recovery in North America, prompting these adjustments.
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(UPDATED October 8, 2026 15:03 UTC)
PepsiCo, based in Purchase, New York, has reported a net revenue of $25.27 billion for the July to September period, marking a 5.6% increase that surpassed Wall Street's expectations of $24.95 billion. While global snack food volumes rose by 4%, the company noted flat volumes for Frito-Lay snacks and a 2% decrease in beverage volumes in North America, leading to a 17% increase in net income to $3.07 billion. Looking ahead, PepsiCo has lowered its earnings expectations for the year, now forecasting adjusted earnings per share growth of 2.5% to 3.5%, while also planning to cut corporate costs and enhance marketing efforts to address the challenges posed by higher costs in North America.