BUZZ-Preview: PepsiCo earnings per share expected to be flat, investors focus on consumer spending
路透社2026/10/07 18:32On October 7th, PepsiCo (PEP.O) shares fell by 1.4%, closing at $124.02. The company will release its quarterly earnings before market open on Thursday, and investors are closely watching for signs of pressure from tightening consumer budgets. According to data from the London Stock Exchange Group (LSEG), Wall Street expects the carbonated beverage and snack giant's Q3 revenue to grow approximately 4% year-on-year to $24.96 billions, with adjusted earnings per share (EPS) at $2.29, unchanged from a year ago. Last quarter, PEP's revenue exceeded expectations but the company warned that performance in North America would slow due to tighter consumer budgets. Facing cost pressures and the threat from GLP-1 weight-loss drugs, PepsiCo (PEP) has limited time left to meet the growth and margin targets set a year ago following activist investor Elliott Management’s $4 billions stake. So far this year, PEP share price has dropped about 14%, underperforming both the S&P 500 Soft Drink & Non-Alcoholic Beverage Index's 8% rise (.SPLRCBEVS) and the S&P 500 Consumer Staples Index's 6% gain (.SPLRCS). The stock is currently trading at a price-to-earnings ratio of 14, below its five-year average of 21. Among 25 analysts' recommendations: 7 rate it as “Strong Buy” or “Buy,” 17 rate it as “Hold,” and 1 rates it as “Sell.” The median target price is $152, down from $170 on July 7. (For the convenience of non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts, and provides them purely for readers’ convenience. Reuters assumes no liability for any damage or loss caused by the use of the automated translation function.)
October 7 - ** PepsiCo (PEP.O) shares fell 1.4% on Wednesday to close at $124.02. The company is scheduled to release its quarterly earnings before the market opens on Thursday, and investors are closely watching for signs of pressure from tightening consumer budgets.
** According to data from the London Stock Exchange Group (LSEG), Wall Street expects the carbonated beverage and snack giant's third-quarter revenue to rise about 4% year-on-year to $24.96 billion, with adjusted earnings per share (EPS) at $2.29, flat from a year earlier.
** In the previous quarter, PEP reported revenue above expectations but warned that performance in North America would slow due to tighter consumer budgets.
** Facing cost pressures and the threat from GLP-1 weight loss drugs, PepsiCo (PEP) is running out of time to meet the growth and margin targets set after activist investor Elliott Management took a roughly $4 billion stake a year ago (link).
** Year-to-date, PEP shares have declined about 14%, underperforming the S&P 500 Soft Drinks & Non-alcoholic Beverages Index, which is up about 8% .SPLRCBEVS, as well as the S&P 500 Consumer Staples Index, up 6% .SPLRCS.
** The stock's recent price-to-earnings ratio stands at 14, lower than its five-year average of 21.
** Among 25 analysts, the recommendation ratings are: 7 recommend "strong buy" or "buy," 17 recommend "hold," and 1 recommends "sell." The median target price is $152, lower than $170 on July 7.
(To make it easier for non-native English speakers, Reuters automates the translation of its reports into several other languages. As there may be errors in the automated translation or the required context may not be included, Reuters does not guarantee the accuracy of the automated translation, which is provided solely for the convenience of readers. Reuters accepts no responsibility for any harm or loss caused by the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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