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 diverse range of products, including soft drinks, snacks, and other non-alcoholic beverages....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company managed costs and revenue during the quarter.

$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 diverse range of products, including soft drinks, snacks, and other non-alcoholic beverages. As a key player in the consumer staples sector, PepsiCo's performance is closely tied to consumer spending trends and brand loyalty.

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

Expectations

Wall Street Expectations

Analysts are generally optimistic, expecting PepsiCo to report solid earnings and revenue figures, reflecting strong consumer demand.

Bull Case

If PepsiCo exceeds the EPS and revenue estimates, it could signal strong brand performance and effective cost management, leading to further stock appreciation.

Bear Case

Conversely, if the company misses its targets, it may raise concerns about market share erosion or rising costs, potentially leading to a negative stock reaction.

Key Metrics to Watch

EPS

$2.23

Earnings per share is a critical measure of profitability and will indicate how well the company managed costs and revenue during the quarter.

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 PepsiCo's EPS exceed the consensus estimate of $2.23?

A beat on EPS would reinforce confidence in the company's profitability and operational efficiency.

How does revenue compare to the expected $24.0B?

Revenue performance will be crucial in assessing overall demand for PepsiCo's products and its market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent product innovations and marketing strategies that could drive higher sales.

Supporting Evidence

PepsiCo's strong brand portfolio may lead to better-than-expected consumer demand, especially in emerging markets.

The company's recent focus on healthier product options could attract a broader customer base, enhancing revenue.

Options pricing suggests a significant move, indicating that the market may be anticipating a more volatile outcome than historical trends suggest.

Key Risk

If revenue comes in below $23.7B, it could challenge the optimistic outlook and raise concerns about market dynamics.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a strong Q1, and any deviation could significantly impact investor sentiment.

Bull Confirmed If

An EPS of $2.30 or higher would confirm strong operational performance and consumer demand.

Bear Confirmed If

An EPS below $2.16 would suggest potential issues in cost management or sales performance.

Pre-Earnings Positioning

Options Market

Implied Move

±7.58%

Historical Avg

±3.8%

Pricing rich

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

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 the stock could rise by about 1.51%, confirming strong demand and management effectiveness.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical patterns indicating a potential drop of around 1.28%.

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

1Any updates on new product launches and their expected impact on sales.
2Insights into cost management strategies and how they are affecting margins.
3Management's commentary on consumer trends and demand in key markets.
4Details on international sales performance, particularly in emerging markets.
5Guidance on future earnings expectations and any potential challenges.

See the full picture

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

More Earnings This Week

5 Reports

Fastenal Company

Company Snapshot

PepsiCo, Inc. (PEP) is a leading global food and beverage company known for its diverse range of products, including soft drinks, snacks, and other non-alcoholic beverages....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company managed costs and revenue during the quarter.

$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

Expectations

Wall Street Expectations

Analysts are generally optimistic, expecting PepsiCo to report solid earnings and revenue figures, reflecting strong consumer demand.

Bull Case

If PepsiCo exceeds the EPS and revenue estimates, it could signal strong brand performance and effective cost management, leading to further stock appreciation.

Bear Case

Conversely, if the company misses its targets, it may raise concerns about market share erosion or rising costs, potentially leading to a negative stock reaction.

Key Metrics to Watch

EPS

$2.23

Earnings per share is a critical measure of profitability and will indicate how well the company managed costs and revenue during the quarter.

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 PepsiCo's EPS exceed the consensus estimate of $2.23?

A beat on EPS would reinforce confidence in the company's profitability and operational efficiency.

How does revenue compare to the expected $24.0B?

Revenue performance will be crucial in assessing overall demand for PepsiCo's products and its market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent product innovations and marketing strategies that could drive higher sales.

Supporting Evidence

PepsiCo's strong brand portfolio may lead to better-than-expected consumer demand, especially in emerging markets.

The company's recent focus on healthier product options could attract a broader customer base, enhancing revenue.

Options pricing suggests a significant move, indicating that the market may be anticipating a more volatile outcome than historical trends suggest.

Key Risk

If revenue comes in below $23.7B, it could challenge the optimistic outlook and raise concerns about market dynamics.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a strong Q1, and any deviation could significantly impact investor sentiment.

Bull Confirmed If

An EPS of $2.30 or higher would confirm strong operational performance and consumer demand.

Bear Confirmed If

An EPS below $2.16 would suggest potential issues in cost management or sales performance.

Pre-Earnings Positioning

Options Market

Implied Move

±7.58%

Historical Avg

±3.8%

Pricing rich

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

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 the stock could rise by about 1.51%, confirming strong demand and management effectiveness.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical patterns indicating a potential drop of around 1.28%.

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

1Any updates on new product launches and their expected impact on sales.
2Insights into cost management strategies and how they are affecting margins.
3Management's commentary on consumer trends and demand in key markets.
4Details on international sales performance, particularly in emerging markets.
5Guidance on future earnings expectations and any potential challenges.