On October 9, Pepsi rose 3.08% in regular trading to $127.52 per share, with turnover of $18.08 billion. The movement followed the release of fiscal 2026 third-quarter results.
The company reported net revenue of $25.27 billion, above the market estimate of $24.95 billion; operating profit of $4.26 billion, above the estimated $4.19 billion; and core earnings per share of $2.34, beating the consensus of $2.29. However, management lowered its full-year adjusted earnings growth forecast to a range of 1% to 2%, down from the prior 4% to 6%, citing slower-than-planned progress in North America and margin pressure in the region.
Executives noted that pricing actions have contributed to volume improvement, while the softer margin performance drove the reduced guidance. International sales momentum partly offset weakness in North America.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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