PepsiCo reported first-quarter 2026 revenue of $19.44 billion. This figure represents an 8.5% increase year-over-year and exceeded analyst expectations.
The company implemented strategic price cuts on snack brands including Doritos and Lay's. This move drove a 2% increase in North American food sales volume. This performance marks the first volume growth for the division in two years.
CEO Ramon Laguarta stated that consumers are returning to the company's brands in response to holistic value. The results suggest a turning point for the consumer staples sector, which has struggled with price sensitivity and inflation-driven hikes.
PepsiCo stock rose following the announcement. While snacks performed well, North American beverage volumes declined 2.5% during the quarter.