PepsiCo Lowers Full-Year Earnings Outlook as North American Division Lags

Original summary · What happened

PepsiCo trimmed its full-year earnings guidance despite reporting third-quarter financial figures that surpassed consensus estimates on strength in foreign operations. Net revenue for the period climbed 5.6% to reach $25.27 billion, while adjusted per-share profit arrived at $2.34 against reported attributable net income of $3.05 billion. However, persistent challenges across the domestic North American market forced management to curtail full-year profit projections.

The food and beverage giant now projects core earnings per share to expand between 2.5% and 3.5% for 2026, dropping down from its previous guidance that pointed toward the lower boundary of a 5% to 7% bracket. At the same time, full-year net revenue growth is currently anticipated at roughly 6%, settling near the upper threshold of the prior 4% to 6% range. Shares of the company gained around 2% in premarket trade following the release.