PepsiCo (PEP) Q1 2026 earnings

PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations as its struggling North American food business reported a return to volume growth.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

• Earnings per share: $1.61 adjusted vs. $1.55 expected
• Revenue: $19.44 billion vs. $18.94 billion expected

Pepsi reported first-quarter net income attributable to the company of $2.32 billion, or $1.70 per share, up from $1.83 billion, or $1.33 per share, a year earlier.

Excluding items, the company earned $1.61 per share.

Net sales rose 8.5% to $19.44 billion.