PepsiCo earnings beat estimates as drinks sales pick up around the world

Food & Beverage

PepsiCo earnings beat estimates as drinks sales pick up around the world

Published Tue, Feb 3 2026

6:04 AM EST

Updated 7 Min Ago

thumbnailAmelia Lucas@ThxamelianWATCH LIVE

Key Points

  • PepsiCo reported fourth-quarter earnings and revenue that topped Wall Street's estimates.
  • The food and beverage giant also reiterated the 2026 forecast provided in December.

In this article

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Packages of Pepsi are displayed on a store shelf on Oct. 9, 2025 in San Anselmo, California.

Justin Sullivan | Getty Images

PepsiCo on Tuesday reported quarterly earnings and revenue that topped analysts' expectations, fueled by improving organic sales across its business.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

  • Earnings per share: $2.26 adjusted vs. $2.24 expected
  • Revenue: $29.34 billion vs. $28.97 billion expected

Pepsi reported fourth-quarter net income attributable to the company of $2.54 billion, or $1.85 per share, up from $1.52 billion, or $1.11 per share, a year earlier.

Excluding restructuring and impairment charges and other items, the company earned $2.26 per share.

Net sales rose 5.6% to $29.34 billion. Organic revenue, which strips out foreign currency, acquisitions and divestitures, increased 2.1% in the quarter.

Pepsi also reiterated the outlook for 2026 that the company provided in December.

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