PepsiCo lowered its 2026 core earnings-per-share (EPS) growth forecast to around 3%, down from 6%. The company cited persistent margin pressure from rising costs and signs of weakening consumer demand in North America. [3, 14]
PepsiCo reported third-quarter earnings on October 8 that exceeded revenue expectations, driven by strong international performance. [14] Sales in its North American segment were flat.
The revised outlook has raised investor concerns about the profitability and resilience of major consumer brands amid inflation.