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 wide range of soft drinks and non-alcoholic beverages....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

$2.23

Revenue

Revenue reflects the overall sales performance and demand for PepsiCo's products, which is crucial 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 wide range of soft drinks and non-alcoholic beverages. As a major player in the consumer staples sector, PepsiCo's performance is closely tied to consumer spending habits and trends in health-conscious choices.

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, which was slightly above the expected $1.55, indicating a positive surprise. The stock reacted positively, gaining 2.28% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are generally optimistic, expecting PepsiCo to meet or slightly exceed EPS and revenue estimates. The company has a strong track record of beating earnings expectations, which may boost investor confidence.

Bull Case

If PepsiCo can leverage its brand strength and manage costs effectively, it could exceed expectations, leading to strong stock performance.

Bear Case

Conversely, rising costs, supply chain issues, or changing consumer preferences could hinder revenue growth and lead to disappointing results.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.23

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$24.0B

Revenue reflects the overall sales performance and demand for PepsiCo's products, which is crucial 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 could reinforce investor confidence and lead to a positive stock reaction.

How will revenue growth compare to the expected $24.0B?

Revenue growth is critical for assessing the company's ability to navigate market challenges and consumer trends.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising costs on PepsiCo's margins, which could lead to a significant earnings miss.

Supporting Evidence

The historical EPS surprise rate of 75% suggests potential volatility that may not be fully priced in.

Options pricing indicates a larger expected move than historical averages, hinting at underlying uncertainty.

Recent insider selling could reflect a lack of confidence in upcoming earnings performance.

Key Risk

If revenue comes in below $23.7B, it could raise serious concerns about the company's growth trajectory.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect how well PepsiCo is managing costs and adapting to consumer preferences.

Bull Confirmed If

An EPS of $2.30 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.16 would confirm the bear case, suggesting ongoing challenges in profitability.

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 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 a potential stock increase of around 1.51%, confirming strong operational health.

In-Line / Cautious

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

Miss

Should the company miss expectations, history suggests a potential decline of around 1.28%, raising concerns about future growth.

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 cost management strategies and their impact on margins.
2Insights into consumer trends and how they are affecting product sales.
3Any commentary on supply chain challenges and how they are being addressed.
4Details on new product launches or marketing initiatives that could drive future growth.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

$2.23

Revenue

Revenue reflects the overall sales performance and demand for PepsiCo's products, which is crucial 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, which was slightly above the expected $1.55, indicating a positive surprise. The stock reacted positively, gaining 2.28% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If PepsiCo can leverage its brand strength and manage costs effectively, it could exceed expectations, leading to strong stock performance.

Bear Case

Conversely, rising costs, supply chain issues, or changing consumer preferences could hinder revenue growth and lead to disappointing results.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.23

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$24.0B

Revenue reflects the overall sales performance and demand for PepsiCo's products, which is crucial 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 could reinforce investor confidence and lead to a positive stock reaction.

How will revenue growth compare to the expected $24.0B?

Revenue growth is critical for assessing the company's ability to navigate market challenges and consumer trends.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of rising costs on PepsiCo's margins, which could lead to a significant earnings miss.

Supporting Evidence

The historical EPS surprise rate of 75% suggests potential volatility that may not be fully priced in.

Options pricing indicates a larger expected move than historical averages, hinting at underlying uncertainty.

Recent insider selling could reflect a lack of confidence in upcoming earnings performance.

Key Risk

If revenue comes in below $23.7B, it could raise serious concerns about the company's growth trajectory.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect how well PepsiCo is managing costs and adapting to consumer preferences.

Bull Confirmed If

An EPS of $2.30 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.16 would confirm the bear case, suggesting ongoing challenges in profitability.

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 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 a potential stock increase of around 1.51%, confirming strong operational health.

In-Line / Cautious

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

Miss

Should the company miss expectations, history suggests a potential decline of around 1.28%, raising concerns about future growth.

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 cost management strategies and their impact on margins.
2Insights into consumer trends and how they are affecting product sales.
3Any commentary on supply chain challenges and how they are being addressed.
4Details on new product launches or marketing initiatives that could drive future growth.