PepsiCo reported first-quarter 2026 adjusted earnings of $1.61 per share. This figure beat the analyst estimate of $1.55. Revenue reached $19.44 billion. This total surpassed the $18.9 billion forecast. Year-over-year revenue grew 8.5%.
Strategic price adjustments and healthier snack innovations drove the performance. Productivity initiatives and supply chain management also contributed to the results. North American convenient foods volume rose 2%, reversing a previous decline. Company shares traded up approximately 2% after the report.
PepsiCo reaffirmed its fiscal 2026 organic revenue growth guidance of 2% to 4%. The company expects to return $8.9 billion to shareholders through dividends and buybacks.