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PepsiCo Inc. (PEP) earnings date & stock reaction

PepsiCo Inc. · Consumer Staples

ReportedOct 8EPS $2.34(est $2.29)+2.2% beat· Rev $25.3B
“We are not satisfied with the performance in the U.S... We do not feel good about the beverage business. I think the beverage business, as we put in our remarks, we are competing well in some platforms like hydration, like energy. We are not competing well in soft drinks.”
· Ramon Laguarta, CEO
“The largest changes, and you mentioned, we said in our prepared remarks, was margin performance is below where we expected it to be. Input costs are trending higher, and mix has been a headwind in particular.”
· Steve Schmitt, CFO
Positives
  • ▲Robust International Performance
    • International business delivered 8% organic revenue growth this quarter, driving overall performance.
    • International operations now account for 45% of the company's year-to-date profit.
  • ▲Volume Recovery in North America Snacks
    • North America snacks transitioned from negative volume growth last year to low single-digit growth this year.
    • The segment has achieved volume-based market share gains for multiple consecutive quarters.
  • ▲Accelerated Organic Revenue Growth
    • Organic revenue growth reached 3.1%, the fastest rate since Q4 2023.
    • Global beverage volume rose 3% and global food volume rose 4%, signaling improved demand.
Concerns
  • ▼Weakness in North America Beverages
    • Management expressed dissatisfaction with soft drink performance, citing a lack of competitive edge.
    • The expiration of tariff refunds that benefited Q3 will create underlying margin pressure for the segment.
  • ▼Margin Compression and Guidance Cut
    • Core operating margin contracted 35 bps due to higher input costs and unfavorable product mix.
    • The margin pressure led to a downward revision of the full-year EPS guidance.
  • ▼Rising Costs Outpacing Profitability
    • Despite double-digit increases in advertising and marketing spend, core operating profit grew only 3%.
    • The rolling off of hedging programs suggests that input cost inflation will intensify.
Based on the Oct 8, 2026 earnings-call transcript. Quotes are verbatim.
Next earningsTue, February 2 around 8:00 AM ET, before the openscheduled

Price after the latest report

Reported October 8, 2026how the stock moved around it
Next-day move
+3.7%
Price around earnings

PepsiCo Inc. (PEP) rose the day after earnings in 7 of its last 12 reports (58%), moving ±3.7% on average. It has fallen despite beating the consensus estimate 3 times.

Up next day
7/12
58%
Fell despite growth
4/12
Good earnings ignored
Price when beating
+1.4%
avg over 10 beats
Price when missing
-4.1%
avg over 2 misses
Avg earnings move
±3.7%
typical swing on earnings
Biggest single move
+7.5%
'25.7 · largest reaction
🔑What actually moves this stock?
What really matters here
Whether it grows on real volume, not just price
In finance terms: Organic growth · volume
Growth · revenue (YoY by quarter, latest right)
+1%
25-07(Jun qtr)
+3%
25-10(Sep qtr)
+6%
26-02(Dec qtr)
+9%
26-04(Mar qtr)
+6%
26-07(Jun qtr)
+6%
26-10(Sep qtr)
Accelerating · Growth is accelerating from +1% to +6%. A good direction.
What to watch next report

When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.

The real bar for this stock

Beating estimates isn't enough. Here's where the real surprise started.

Beat consensus 10 of 12 times
Median beat +3.4%. 3 of those beats still fell the next day.
Bigger beats didn't mean bigger gains
Surprise size and price moved separately here. Expectations, not beats, drive this stock.

How this stock reacts to earnings

Traits seen across its recent earnings reactions

Good results usually push the stock up
Up the next day 7 of 10 beats (70%)
Moves in line with results, fairly predictable
Avg +1.4% on a beat, -4.1% on a miss
Tends to keep drifting the same way for days
Day-one direction continued · 55% of last 11
vs Consumer Staples sector avg (44 peers)
This
+0.5%
Sector
+0.1%
Avg next-day reaction

Earnings number vs guidance: which drives it?

How often the beat/miss matched the actual price move

This stock mostly moves with the reported earnings number
Moved opposite to results 3 of last 12 times (25%)
3xBeat but fell
Even a beat sells off if guidance disappoints
0xMissed but rose
Even a miss rebounds if guidance reassures
Fell despite growth4/12

3/10 beats fell next day · watches Organic growth · volume

Next-day reaction
  • Sep 2026 report+3.7%
  • Jun 2026 report-3.3%
  • Mar 2026 report+2.3%
  • Dec 2025 report+4.9%
  • Sep 2025 report+4.2%
  • Jun 2025 report+7.5%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

Jul–Sep 2026 results
Reported 2026-10-08
Next-day move
+3.7%
After 5 days —
EPS consensus $2.29 → $2.34 ▲ +2.2% beatRev $23.9B → $25.3B +6% YoY
Price around earnings

Earnings trend · last 12 quarters

EPS$2.34
'24.2'26.10
Revenue$25.3BYoY +6%
'24.2'26.10

Earnings history and price reaction

PepsiCo Inc. across its last 12 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
9/20262026-10-08+2.2%+3.7%—
6/20262026-07-09-0.4%-3.3%-5.0%
3/20262026-04-16+3.8%+2.3%-0.7%
12/20252026-02-03+1.0%+4.9%+7.3%
9/20252025-10-09+1.3%+4.2%+8.9%
6/20252025-07-17+4.5%+7.5%+7.6%

12 reports, quarters ending 12/2023 to 9/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.

Frequently asked questions

When is the next PepsiCo Inc. earnings date?

The next PepsiCo Inc. (PEP) earnings report is expected Tue, February 2 around 8:00 AM ET, before the open. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for PepsiCo Inc.'s next earnings?

Analysts expect EPS of about $2.24 for PepsiCo Inc. (PEP). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does PepsiCo Inc. (PEP) stock usually go up after earnings?

Over the last 12 earnings reports, the stock rose on 7 of them (58%). The average move on earnings day was ±3.7%.

Does PepsiCo Inc. react more to the earnings numbers or to guidance?

In 3 of the last 12 reports (25%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.

Can PepsiCo Inc. stock fall even when earnings are good?

Yes. In 4 of the last 12 reports, PepsiCo Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.

Does PepsiCo Inc. stock keep moving after the earnings day?

Over the last 11 reports, the move continued in the same direction for the following five trading days 55% of the time. This tendency is known as post-earnings announcement drift.