PepsiCo, Inc. (PEP) reported that its first quarter core operating profit improved 7 percent and core constant currency earnings per share rose 14 percent year-on-year, which reflects the benefits of the company's ongoing efforts to tightly control coststhrough cost management program and a mark-to-market gain on an equity investment. PepsiCo delivered an organic revenue growth of 2.4 percent for the quarter. The company's global snacks and foods business delivered mid-single-digit organic revenue growth while global beverages business delivered low-single-digit organic revenue growth. Based on the first quarter results, the company is confident in delivering on financial guidance for the full year.
First quarter core earnings per share was $1.21 compared to $1.07, prior year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.12, for the quarter. Analysts' estimates typically exclude special items.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.