PepsiCo cuts profit outlook as PepsiCo stock gains 1.87 percent

Published on 10/08/2026 at 16:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 5.60 percent to USD 25.27 billion. PepsiCo stock costs EUR 112.60 on October 8, 2026 after EUR 110.53.

Key points in brief

PepsiCo cut fiscal 2026 core earnings growth guidance to 2.50 percent to 3.50 percent on October 8, 2026.
Third-quarter 2026 net revenue rose 5.60 percent to USD 25.27 billion, while core EPS increased 2.00 percent to USD 2.34.
The Lang & Schwarz price was EUR 112.60, up 1.87 percent from the EUR 110.53 prior close on October 8, 2026.
Recent analyst actions included JPMorgan cutting its target from USD 170.00 to USD 138.00 and Barclays cutting its target from USD 142.00 to USD 133.00.

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PepsiCo stock (ISIN US7134481081) gained 1.87 percent to EUR 112.60 at Lang & Schwarz on October 8, 2026 at 4:44 p.m. CEST. On the same date, PepsiCo cut its fiscal 2026 core earnings outlook after reporting third-quarter results, while revenue and adjusted earnings per share exceeded the prior-year figures.

Guidance falls below prior outlook

PepsiCo now expects fiscal 2026 core earnings per share growth of 2.50 percent to 3.50 percent, compared with its previous low-end guidance of 5.00 percent to 7.00 percent, according to PepsiCo on October 8, 2026. Core constant-currency earnings growth guidance fell to 1.00 percent to 2.00 percent from the prior low-end range of 4.00 percent to 6.00 percent.

The company kept its fiscal 2026 cash returns plan at USD 8.9 billion, comprising USD 7.9 billion of dividends and USD 1.0 billion of share repurchases. The guidance mix places the pressure on profitability rather than sales, because full-year net revenue growth guidance was raised to approximately 6.00 percent.

Quarterly revenue beats prior year

For the third quarter of 2026, net revenue rose 5.60 percent to USD 25.274 billion from USD 23.937 billion a year earlier. Core earnings per share increased 2.00 percent to USD 2.34, while GAAP diluted earnings per share rose 17.00 percent to USD 2.23, according to PepsiCo.

Operating profit increased 19.00 percent to USD 4.260 billion, but core operating profit rose only 3.00 percent to USD 4.277 billion. The release said tariff refunds contributed a 4-percentage-point benefit to core operating profit, while higher operating costs and advertising spending reduced the underlying margin picture.

What does the guidance cut change?

The contrast is visible in the North American divisions. PepsiCo said international businesses delivered strong net revenue growth, while North American convenient foods improved sequentially through savory snack volume and market share, offset by lower effective net pricing.

Analyst caution had already intensified before the results. MarketBeat reported that JPMorgan cut its target from USD 170.00 to USD 138.00 on September 29, 2026. The same source reported that Barclays reduced its target from USD 142.00 to USD 133.00 on September 30, 2026.

Three dated signals for PepsiCo

On September 29, 2026, JPMorgan cut its target from USD 170.00 to USD 138.00, according to MarketBeat. On September 30, 2026, Barclays cut its target from USD 142.00 to USD 133.00, according to MarketBeat. On October 8, 2026, PepsiCo reported USD 25.274 billion in third-quarter revenue and cut its profit outlook, according to PepsiCo.

Results and Q&A dated October 8

The next dated company events were the October 8, 2026 results release and the October 8, 2026 live question-and-answer session at 8:15 a.m. ET, both identified in PepsiCo's earnings release.

Stock rises with guidance risk

PepsiCo was trading at EUR 112.60 at Lang & Schwarz on October 8, 2026 at 4:44 p.m. CEST, up 1.87 percent versus the Lang & Schwarz prior close of EUR 110.53 on October 7, 2026. The primary listing is NASDAQ, where the finance quote showed USD 126.09 at 10:57 a.m. ET on October 8, 2026 and a market capitalization of USD 172.2 billion.

The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.