PepsiCo Q1 revenue rises 8.5% to $19.4 billion; EPS up 27%, guidance affirmed
PepsiCo reported first-quarter 2026 results for the 12 weeks ended March 21, 2026, with net revenue up 8.5% to $19.4 billion and diluted EPS up 27% to $1.70. The company said it affirmed its fiscal 2026 guidance, and it attributed part of the revenue growth to a 3.4-percentage-point foreign exchange benefit and a 2.5-point net benefit from acquisitions and divestitures, with organic revenue growth at 2.6%.
Key points
- Net revenue rose to $19.4 billion from $17.9 billion, up 8.5%; organic revenue grew 2.6%
- Diluted EPS was $1.70 versus $1.33; core EPS was $1.61 versus $1.48, up 9%
- Fiscal 2026 guidance was affirmed, including organic revenue growth of 2% to 4% and core constant currency EPS growth of 4% to 6%
- The annualized dividend per share is set to rise 4% beginning with the June 2026 payment
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 15, 2026.
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