Wall Street analysts expect PepsiCo to report third-quarter revenue of $24.97 billion and earnings per share of $2.30, with the stock trading near $125.60 against a mean price target of $148.14.
Investors are primarily focused on the stabilization of the North America business segment, specifically looking for signs of recovery in consumer demand and organic volume for Frito-Lay and domestic beverages.
Recent performance has been weighed down by persistent weakness in domestic snacks and beverages, prompting several major banks to lower their estimates ahead of the print. Management's commentary regarding its full-year 2026 organic revenue growth guidance of 2% to 4% will be a critical factor for sentiment following the report.