Consumer Staples·Soft Drinks & Non-alcoholic Beverages·$212.5B
PepsiCo Inc (PEP) is a leading global food and beverage company known for its popular soft drinks and snacks. As a major player in the consumer staples sector, it benefits from steady demand for its products, even during economic downturns, making it a key focus for investors interested in resilience and consumer spending trends.
Earnings Per Share (EPS)
EPS is a critical indicator of profitability and helps gauge the company's financial health.
Revenue Growth
Revenue growth reflects the company's ability to increase sales and expand its market presence.
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EPS Beat Streak
3Q
EPS Beat Rate
75%
Avg EPS Surprise
-5.41%
Avg Stock Reaction
+1.45%
In Q1-2026, PepsiCo reported an EPS of $1.61, surpassing estimates by 3.74%. The stock reacted positively, gaining 2.28% the following day.
Management Promises & Guidance
Overall, investors are cautiously optimistic about PepsiCo's upcoming earnings, given its strong historical performance and consistent demand for its products.
Bull Case
If PepsiCo continues to outperform expectations, it could signal strong brand loyalty and effective cost management, leading to further stock appreciation.
Bear Case
Conversely, any signs of declining sales or increased competition could raise concerns about the company's growth prospects, potentially leading to a negative market reaction.
Earnings Per Share (EPS)
N/AEPS is a critical indicator of profitability and helps gauge the company's financial health.
Revenue Growth
N/ARevenue growth reflects the company's ability to increase sales and expand its market presence.
Market Share in Soft Drinks
N/AUnderstanding market share helps assess PepsiCo's competitive position in the beverage industry.
The print will turn on these two things.
Q1
What is the expected EPS for Q2-2026?
This figure will be crucial in determining whether the company continues its trend of beating earnings expectations, which could influence investor confidence.
Q2
How is PepsiCo addressing competition in the beverage market?
Understanding the company's strategy to maintain or grow its market share will be key to assessing its future growth potential.
Why consensus could be wrong
The consensus may underestimate PepsiCo's ability to adapt to changing consumer preferences, particularly in healthier beverage options.
Supporting Evidence
Historical performance shows a consistent ability to surprise on the upside, with a 75% EPS beat rate.
Options pricing indicates a higher expected move than historical averages, suggesting traders anticipate significant news.
The company's strong brand portfolio positions it well to capture market share despite competitive pressures.
Key Risk
If the company announces a strategic initiative that significantly boosts market share, it could challenge current bearish sentiments.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it will indicate whether PepsiCo can sustain its growth trajectory amid a challenging market environment.
Bull Confirmed If
An EPS of $1.70 or higher would confirm strong operational performance and market resilience.
Bear Confirmed If
An EPS below $1.50 would raise concerns about declining sales and competitive pressures.
Implied Move
±11.28%
Historical Avg
±3.8%
The options market is pricing in a significant potential move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±11.3% while PEP has averaged ±3.8% over the last 8 prints — setup is pricing rich.
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 brand loyalty and effective cost management.
In-Line / Cautious
If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.
Miss
A miss could lead to a decline of approximately 1.28%, indicating concerns over sales performance and competition.
AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.
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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.
No charge today · Auto-bills $8/mo after 7 days · Cancel anytime
GOLDMAN SACHS GROUP
Jul 14, 2026