PepsiCo reported adjusted earnings per share of $2.26 for the fourth quarter, topping analyst estimates of $2.24, while revenue reached $29.34 billion versus expectations of $28.97 billion. Net income attributable to the company rose to $2.54 billion, or $1.85 per share, up from $1.52 billion, or $1.11 per share, a year earlier. Organic revenue growth accelerated to 2.1%, and overall net sales climbed 5.6%, reflecting resilience in both its beverage and snack segments.

Despite the top‐line beat, PepsiCo experienced a 2% decline in global food volumes, offset by a 1% increase in beverage volumes. North America saw volume pressures, but international markets drove soda demand, and U.S. low-sugar beverage lines continued to gain share. CEO Ramon Laguarta highlighted sequential improvements in both North America and International businesses, underscoring the company’s diversified portfolio.

In its latest capital return plan, PepsiCo raised its quarterly dividend by 4%, marking another consecutive year of dividend growth. To stimulate consumption after years of premium pricing, management announced forthcoming price cuts on Doritos and other snack brands, aiming to enhance value for consumers. Additionally, the company is collaborating with Siemens and NVIDIA to deploy advanced digital twin and AI technologies across its manufacturing and supply chain operations, targeting cost efficiencies and faster time-to-market.

PepsiCo reaffirmed its full-year 2026 guidance provided in December, forecasting organic revenue growth of 2%–4% and core constant currency EPS growth of 4%–6%. The outlook assumes continued margin expansion through productivity programs and disciplined marketing investments, even as the company navigates a challenging consumer spending environment.