What were PepsiCo's second-quarter revenue and core earnings per share, and how did they compare to analyst estimates?

PepsiCo's second-quarter revenue rose 6.4% year-over-year to $24.18 billion, surpassing analysts' estimate of a 5.4% increase to $23.95 billion, according to LSEG data; its quarterly core earnings per share were $2.20, up from $2.12 a year ago.

How is PepsiCo responding to tightening consumer budgets in North America, and what impact has this had on its foods business?

In response to tightening consumer budgets due to rising inflationary pressures, PepsiCo cut prices on brands such as Lay's and Doritos in North America and shifted toward cheaper alternatives and smaller pack sizes; as a result, organic sales for its North America foods business declined about 2% in the reported quarter.

PepsiCo beats revenue estimates, flags pressure from tighter consumer budgets

Jul 9, 2026

PepsiCo reported Q2 revenue of $24.18 billion, beating estimates, but North American food sales fell 2% due to inflation. To combat tightening budgets, the company cut prices on snacks like Lay's while maintaining full-year guidance.

reuters

2026-07-09

PepsiCo beats revenue estimates, flags pressure from tighter consumer budgets

PepsiCo beats revenue estimates, flags pressure from tighter consumer budgets

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