Equity Profile

PEP

PepsiCo, Inc.

Consumer StaplesSoft Drinks & Non-alcoholic Beverages$194.1B

Jul16Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

PepsiCo, Inc. (PEP) is a leading global food and beverage company, known for its popular soft drinks and snacks....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing costs and generating profits.

$2.23

Revenue

Total revenue reflects overall sales performance and demand for PepsiCo's products, which is vital for assessing growth.

$24.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

PEP Q2-2026 Earnings Preview

Context

Company Snapshot

PepsiCo, Inc. (PEP) is a leading global food and beverage company, known for its popular soft drinks and snacks. As part of the consumer staples sector, it plays a crucial role in everyday consumer spending, especially during economic fluctuations.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-5.41%

Avg Stock Reaction

+1.45%

Last Quarter Recap

In Q1-2026, PepsiCo reported an EPS of $1.61, surpassing estimates by 3.74%. The stock reacted positively, increasing by 2.28% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect PepsiCo to report solid earnings this quarter, with a consensus EPS of $2.23. The market is watching closely for any signs of growth in revenue amidst competitive pressures.

Bull Case

If PepsiCo beats EPS estimates and shows strong revenue growth, it could indicate robust demand and effective cost management, leading to a positive market reaction.

Bear Case

Conversely, if the company misses EPS estimates or reports stagnant revenue growth, it may raise concerns about market share and profitability, potentially leading to a negative stock reaction.

Key Metrics to Watch

EPS

$2.23

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing costs and generating profits.

Revenue

$24.0B

Total revenue reflects overall sales performance and demand for PepsiCo's products, which is vital for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $2.23?

A beat on EPS would reinforce confidence in PepsiCo's profitability and operational efficiency, potentially boosting the stock.

What is the revenue outlook for the quarter?

Revenue growth is crucial for assessing market demand and competitive positioning, and any guidance on future sales will be closely scrutinized.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of new product launches and marketing strategies that could drive higher sales growth than anticipated.

Supporting Evidence

Recent trends in consumer spending indicate a shift towards premium products, which PepsiCo is well-positioned to capitalize on.

The options market is pricing in a larger move than historical averages, suggesting traders expect significant news that could surprise the market.

Key Risk

If revenue growth significantly exceeds $24.0B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on PepsiCo's ability to meet or exceed analyst expectations for both EPS and revenue.

Bull Confirmed If

An EPS of $2.30 or higher, coupled with revenue exceeding $24.2B, would confirm a bullish outlook.

Bear Confirmed If

An EPS below $2.16 or revenue falling short of $23.7B would support a bearish view.

Pre-Earnings Positioning

Options Market

Implied Move

±7.46%

Historical Avg

±3.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±7.5% while PEP has averaged ±3.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

20.9%

Calls (434K)P/C Ratio: 0.54Puts (703K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If PepsiCo beats expectations, history suggests a potential stock increase of around 1.51%, confirming strong demand and management effectiveness.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

A miss on earnings could lead to a decline of about 1.28%, raising concerns about market share and profitability.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·4 sells

Members

House + Senate

Est. Notional

$19,005.00–$110,000.00

disclosed dollar ranges

Most Active Members

D-RISheldon WhitehouseSen.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches and their initial sales performance.
2Any commentary on market share changes in key beverage categories.
3Insights into cost management strategies and their impact on margins.
4Guidance on future revenue growth expectations and market conditions.
5Responses to competitive pressures and how they are affecting pricing strategies.

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More Earnings This Week

5 Reports

Fastenal Company

Company Snapshot

PepsiCo, Inc. (PEP) is a leading global food and beverage company, known for its popular soft drinks and snacks....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing costs and generating profits.

$2.23

Revenue

Total revenue reflects overall sales performance and demand for PepsiCo's products, which is vital for assessing growth.

$24.0B

Wall Street expectations, options signals, track record, and call prep available with Pro.

PEP Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

-5.41%

Avg Stock Reaction

+1.45%

Last Quarter Recap

In Q1-2026, PepsiCo reported an EPS of $1.61, surpassing estimates by 3.74%. The stock reacted positively, increasing by 2.28% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect PepsiCo to report solid earnings this quarter, with a consensus EPS of $2.23. The market is watching closely for any signs of growth in revenue amidst competitive pressures.

Bull Case

If PepsiCo beats EPS estimates and shows strong revenue growth, it could indicate robust demand and effective cost management, leading to a positive market reaction.

Bear Case

Conversely, if the company misses EPS estimates or reports stagnant revenue growth, it may raise concerns about market share and profitability, potentially leading to a negative stock reaction.

Key Metrics to Watch

EPS

$2.23

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing costs and generating profits.

Revenue

$24.0B

Total revenue reflects overall sales performance and demand for PepsiCo's products, which is vital for assessing growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $2.23?

A beat on EPS would reinforce confidence in PepsiCo's profitability and operational efficiency, potentially boosting the stock.

What is the revenue outlook for the quarter?

Revenue growth is crucial for assessing market demand and competitive positioning, and any guidance on future sales will be closely scrutinized.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of new product launches and marketing strategies that could drive higher sales growth than anticipated.

Supporting Evidence

Recent trends in consumer spending indicate a shift towards premium products, which PepsiCo is well-positioned to capitalize on.

The options market is pricing in a larger move than historical averages, suggesting traders expect significant news that could surprise the market.

Key Risk

If revenue growth significantly exceeds $24.0B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on PepsiCo's ability to meet or exceed analyst expectations for both EPS and revenue.

Bull Confirmed If

An EPS of $2.30 or higher, coupled with revenue exceeding $24.2B, would confirm a bullish outlook.

Bear Confirmed If

An EPS below $2.16 or revenue falling short of $23.7B would support a bearish view.

Pre-Earnings Positioning

Options Market

Implied Move

±7.46%

Historical Avg

±3.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.

Options are pricing ±7.5% while PEP has averaged ±3.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

20.9%

Calls (434K)P/C Ratio: 0.54Puts (703K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If PepsiCo beats expectations, history suggests a potential stock increase of around 1.51%, confirming strong demand and management effectiveness.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

A miss on earnings could lead to a decline of about 1.28%, raising concerns about market share and profitability.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·4 sells

Members

House + Senate

Est. Notional

$19,005.00–$110,000.00

disclosed dollar ranges

Most Active Members

D-RISheldon WhitehouseSen.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches and their initial sales performance.
2Any commentary on market share changes in key beverage categories.
3Insights into cost management strategies and their impact on margins.
4Guidance on future revenue growth expectations and market conditions.
5Responses to competitive pressures and how they are affecting pricing strategies.