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PepsiCo Q1 earnings beat expectations as snack price cuts drive demand
Yahoo Finance· 2026-04-16 19:17
PepsiCo reported first-quarter revenue and earnings that topped analysts' expectations, with price reductions on key snack brands helping the company's North America food business post its first volume increase in more than two years. Revenue totaled $19.44 billion, an 8.5% increase that cleared the $18.94 billion consensus estimate compiled by LSEG. On an organic basis — stripping out the effects of deals and currency moves — sales were up 2.6%. Adjusted earnings of $1.61 per share also beat the $1.55 an ...