PepsiCo Lowers 2026 Earnings Outlook on North America Margin Pressure

Key Facts

1PepsiCo lowered its 2026 earnings outlook despite beating revenue expectations in the third quarter.

2The company admitted its soda business is falling behind rivals as its turnaround strategy continues.

PepsiCo lowered its 2026 earnings outlook despite beating revenue expectations in the third quarter. Benzinga reported that the company delivered a Q3 profit of $3.05 billion but revised its full-year guidance downward due to margin pressure in North America and planned price cuts.

The company admitted its soda business is falling behind rivals as its strategic turnaround continues. PEP closed at $123.73 on October 7, 2026, having traded between a low of $123.47 and a high of $126.44 during that session.