Pepsi packages are displayed on a store shelf in San Anselmo, California, on October 9, 2025.
Justin Sullivan | Getty Images
pepsico Quarterly profits and sales announced Tuesday beat analysts’ expectations due to improved organic sales across the business.
Shares of the food and beverage giant fell more than 1% in premarket trading.
Here’s how the company reported compared to Wall Street expectations, based on a survey of analysts by LSEG.
Earnings per share: $2.26 adjusted vs. $2.24 expected Revenue: $29.34 billion vs. $28.97 billion expected
Pepsi reported fourth-quarter net income of $2.54 billion, or $1.85 per share, up from $1.52 billion, or $1.11 per share, in the same period last year.
Excluding restructuring and impairment charges, the company earned $2.26 per share.
Net sales increased 5.6% to $29.34 billion. Organic revenue, which excludes foreign currency, acquisitions and divestitures, increased 2.1% in the quarter.
“PepsiCo’s fourth quarter results reflect continued acceleration in reported organic revenue growth, with improvements in both our North American and international operations,” CEO Ramon Laguarta said in a statement.
However, the company has seen declining sales volumes, especially in its North American business. To more accurately reflect demand, this metric excludes pricing and foreign exchange fluctuations. Global food sales volume decreased 2% in the quarter, while global beverage sales volume increased 1%.
Pepsi also reiterated its 2026 outlook that it gave in December. The company expects organic revenue to increase between 2% and 4% and core constant currency earnings per share to increase in the range of 4% to 6%.
