New York, January 22, 2026, 21:08 ET — The market has closed.
PepsiCo Inc shares dropped 1.6% on Thursday, closing at $144.40 and extending their decline over two sessions, even as the S&P 500 moved higher. The stock remains roughly 10% below its 52-week peak and traded just above its recent average volume. (MarketWatch)
PepsiCo’s lagging performance takes on added weight as it approaches a critical period. Investors want more than just an earnings beat or miss—they’re looking for specifics on pricing, product cuts, and margins. February will be key, with two major events where management is expected to provide concrete figures on the North America reset and capital returns.
PepsiCo announced in December that it will release its fourth-quarter and full-year 2025 results on Feb. 3, followed by an investor Q&A session that same morning. The company also shared an early outlook for 2026, projecting organic revenue growth of 2% to 4%—excluding currency moves and acquisitions—and core EPS growth around 5% to 7%. Additionally, PepsiCo plans to trim about 20% of its U.S. SKUs, or product variants, by early next year. (Pepsico)
This week, Engie made waves with a new sustainability move linked to its international operations. On Wednesday, the company struck a 10-year deal to supply biomethane — renewable gas derived from organic waste — to PepsiCo UK. Pierre Chambon of Engie described the agreement as “a model that we would like to replicate in England and other countries.” (Reuters)
PepsiCo made its mark at the World Economic Forum in Davos, where CEO Ramon Laguarta pushed for a shift in how companies view the cost of greener options. He said the focus shouldn’t be on choosing between sustainability and profitability. Instead, Laguarta framed it as weighing short-term costs against long-term gains. (ESG Dive)
Traders are keeping an eye on demand cues in consumer staples following Procter & Gamble’s quarterly update Thursday, which highlighted mounting pressure on U.S. shoppers in certain categories. “The consumer is making choices driven by cost,” Brian Mulberry, senior client portfolio manager at Zacks Investment Management, told Reuters. (Reuters)
Macro events are also in focus. The Federal Reserve’s upcoming policy meeting is set for Jan. 27-28. That date carries weight for dividend-heavy staples, since shifts in bond yields can alter how investors price stable cash flows. (Federal Reserve)
Markets have been navigating tariff headlines and policy uncertainty amid the Davos backdrop, creating a jittery risk appetite. On Thursday, a Reuters markets briefing noted a rebound following Trump’s reversal on Greenland tariff threats, though traders remained wary of more surprises. (Reuters)
The immediate challenge for PepsiCo is more focused: can its move into lower price points and slimmer shelves boost purchase frequency without eroding margins too much? If February’s update reveals weak volume or profit hit by steep promotions, the stock risks lingering below last year’s peak.
Next on the docket: the Fed’s rate decision on Jan. 28. Then, PepsiCo will report earnings Feb. 3 ahead of the U.S. open. Management is set to appear at the CAGNY conference on Feb. 18.
