Equity Profile

PEP

PepsiCo, Inc.

Consumer StaplesSoft Drinks & Non-alcoholic Beverages$192.2B

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 non-alcoholic beverages....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and helps gauge how well the company is managing its costs and generating income.

$2.23

Revenue

Total revenue reflects the company's sales performance and market demand for its 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 non-alcoholic beverages. Operating in the consumer staples sector, PepsiCo plays a significant role in the everyday lives of consumers, making it a key player in the market, especially as consumer spending patterns evolve.

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 expectations by 3.74%. The stock reacted positively, gaining 2.28% the following day.

Management Promises & Guidance

Focus on cost management to improve margins.
Continued investment in product innovation.
Expansion into emerging markets to drive growth.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about PepsiCo's upcoming earnings, with expectations for both EPS and revenue to meet or slightly exceed consensus estimates.

Bull Case

If PepsiCo can deliver strong revenue growth driven by new product launches and effective marketing, it could significantly boost investor confidence.

Bear Case

Conversely, if the company reports lower-than-expected sales or higher costs, it could raise concerns about its ability to maintain profitability in a competitive market.

Key Metrics to Watch

EPS

$2.23

Earnings per share is a critical indicator of profitability and helps gauge how well the company is managing its costs and generating income.

Revenue

$24.0B

Total revenue reflects the company's sales performance and market demand for its 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 strong EPS performance would indicate effective cost management and strong demand, which are critical for investor confidence.

What are the revenue growth expectations in key markets?

Understanding revenue growth in emerging markets will provide insight into PepsiCo's long-term growth strategy and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate PepsiCo's ability to leverage new product innovations and cost efficiencies, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Recent product launches have shown promising early sales figures.

The company's historical performance suggests it often exceeds EPS estimates.

Options pricing indicates higher expected volatility, which may reflect investor optimism.

Key Risk

If revenue growth comes in below $24B, it could undermine the positive narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether PepsiCo can sustain its growth trajectory amid rising costs and competitive pressures.

Bull Confirmed If

Revenue growth of +5% YoY or better would confirm the bull case.

Bear Confirmed If

Revenue growth below 2% would raise concerns and confirm the bear case.

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 investors anticipate 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

This setup has occurred 30 times across Consumer Staples in the last 2 years. 18 of 27 (67%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If PepsiCo beats expectations, history suggests the stock could rise by around 1.51%, confirming a positive outlook.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted reaction, reflecting uncertainty about future growth.

Miss

If the company misses expectations, history suggests a potential decline of around 1.28%, raising concerns about its operational efficiency.

Preparation

Congressional Activity

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

Trades

0 buys·2 sells

Members

House + Senate

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

D-RISheldon WhitehouseSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches and their market reception.
2Any commentary on cost management strategies and their effectiveness.
3Insights into consumer trends and preferences in key markets.
4Discussion of competitive pressures and how the company plans to address them.

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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 non-alcoholic beverages....

Key Metrics to Watch

EPS

Earnings per share is a critical indicator of profitability and helps gauge how well the company is managing its costs and generating income.

$2.23

Revenue

Total revenue reflects the company's sales performance and market demand for its 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 expectations by 3.74%. The stock reacted positively, gaining 2.28% the following day.

Management Promises & Guidance

Focus on cost management to improve margins.
Continued investment in product innovation.
Expansion into emerging markets to drive growth.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about PepsiCo's upcoming earnings, with expectations for both EPS and revenue to meet or slightly exceed consensus estimates.

Bull Case

If PepsiCo can deliver strong revenue growth driven by new product launches and effective marketing, it could significantly boost investor confidence.

Bear Case

Conversely, if the company reports lower-than-expected sales or higher costs, it could raise concerns about its ability to maintain profitability in a competitive market.

Key Metrics to Watch

EPS

$2.23

Earnings per share is a critical indicator of profitability and helps gauge how well the company is managing its costs and generating income.

Revenue

$24.0B

Total revenue reflects the company's sales performance and market demand for its 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 strong EPS performance would indicate effective cost management and strong demand, which are critical for investor confidence.

What are the revenue growth expectations in key markets?

Understanding revenue growth in emerging markets will provide insight into PepsiCo's long-term growth strategy and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate PepsiCo's ability to leverage new product innovations and cost efficiencies, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Recent product launches have shown promising early sales figures.

The company's historical performance suggests it often exceeds EPS estimates.

Options pricing indicates higher expected volatility, which may reflect investor optimism.

Key Risk

If revenue growth comes in below $24B, it could undermine the positive narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether PepsiCo can sustain its growth trajectory amid rising costs and competitive pressures.

Bull Confirmed If

Revenue growth of +5% YoY or better would confirm the bull case.

Bear Confirmed If

Revenue growth below 2% would raise concerns and confirm the bear case.

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 investors anticipate 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Staples

n=30

Fade rate: 9 of 27 (33%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If PepsiCo beats expectations, history suggests the stock could rise by around 1.51%, confirming a positive outlook.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted reaction, reflecting uncertainty about future growth.

Miss

If the company misses expectations, history suggests a potential decline of around 1.28%, raising concerns about its operational efficiency.

Preparation

Congressional Activity

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

Trades

0 buys·2 sells

Members

House + Senate

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

D-RISheldon WhitehouseSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new product launches and their market reception.
2Any commentary on cost management strategies and their effectiveness.
3Insights into consumer trends and preferences in key markets.
4Discussion of competitive pressures and how the company plans to address them.