PepsiCo Inc

PEP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PepsiCo Earnings: Results Outpace Muted Expectations, but Patience for Improvement Waning

Kristoffer Inton

Oct 9, 2026

PepsiCo's organic revenue rose 3% in the third quarter of 2026, with international sales up 8% and North American beverage and food sales roughly flat. Core operating margin contracted 35 basis points to 16.9%.

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PepsiCo Inc

PepsiCo Earnings: Results Outpace Muted Expectations, but Patience for Improvement Waning

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