NEW YORK, Feb 2, 2026, 20:09 EST — Market closed
- PepsiCo shares gained roughly 1% on Monday, ahead of earnings scheduled for release before Tuesday’s market open
- After releasing results and the 10-K, management will hold a live Q&A at 8:15 a.m. EST
- Investors are zeroing in on U.S. demand trends, profit margins, and the company’s initial outlook for 2026
PepsiCo shares climbed 1.02% to $155.20 on Monday, just ahead of the company’s quarterly earnings report. The snack and soda giant outperformed rivals like Coca-Cola amid a broadly positive day for U.S. stocks. Volume came in above the 50-day average, and the stock closed roughly 3% shy of its 52-week high, according to market data. (MarketWatch)
Tuesday’s results carry weight as PepsiCo’s U.S. segment has been under scrutiny, with investors hunting for hints that demand is steadying after a period of price-driven gains. Analysts surveyed by FactSet are predicting earnings of $2.24 per share on roughly $29 billion in revenue for the quarter, according to FactSet data cited by Barron’s. Meanwhile, RBC Capital Markets analyst Nik Modi noted Monday, “We expect PepsiCo’s domestic topline challenges to persist, but do see signs of improvement in snacking volumes.” (Barron’s)
PepsiCo plans to release its press statement and annual report on Form 10-K around 6:00 a.m. EST Tuesday. Prepared remarks from management will follow shortly after, at about 6:30 a.m. A live Q&A session is set for 8:15 a.m. featuring CEO Ramon Laguarta and CFO Steve Schmitt. Back in December, the company laid out a preliminary 2026 outlook targeting 2% to 4% “organic revenue” growth—sales growth excluding currency effects and deal-related changes—and 4% to 6% growth in “core” constant-currency EPS, a profit figure adjusted for foreign-exchange fluctuations. (PepsiCo)
PepsiCo’s shares fluctuated between $152.89 and $156.61 on Monday, closing close to $155.20. This marked an increase of approximately $1.59 from the previous session, according to the latest trade data. Trading volume hit around 14.7 million shares.
Investors are set to focus sharply on North America volumes—that is, straightforward demand—over pricing. They’ll watch closely how much revenue gains stem from price hikes and product mix versus actual sales growth. Costs also play a critical role, particularly packaging, freight, and labor, since even slight shifts can swiftly impact margins.
The calendar is packed. Tuesday’s U.S. job openings figures roll out, but Friday’s January employment report carries the most weight. The Federal Reserve is closely monitoring the labor market for any hints it’s losing steam. (Investopedia)
That said, the risks run both ways. Should PepsiCo’s volumes remain sluggish or costs escalate beyond forecasts, investors might swiftly pull back at the first sign that 2026 goals are in jeopardy or that promotional spending is ramping up to protect market share.
Investors won’t just focus on headline earnings and guidance; they’ll also look closely for updates on cash returns and fresh details about the company’s cost-cutting and portfolio strategies, areas that have been under scrutiny since last year’s activist push.
Tuesday morning’s release and management Q&A are set for 8:15 a.m. EST. Then, on Feb. 18, PepsiCo will present at the Consumer Analyst Group of New York conference—a key event investors will watch to see if the 2026 story still holds up.
