NEW YORK, Feb 2, 2026, 20:09 EST — Market closed
- PepsiCo shares climbed about 1% on Monday as investors positioned ahead of earnings due before Tuesday’s open
- Management will hold a live Q&A at 8:15 a.m. EST following the release of results and the 10-K
- Investors focus sharply on U.S. demand patterns, profit margins, and the company’s first 2026 forecast
PepsiCo shares edged up 1.02% to $155.20 on Monday, just ahead of its quarterly earnings release. The snack and soda giant outpaced rivals like Coca-Cola during a broadly positive session for U.S. stocks. Trading volume exceeded the 50-day average, with the stock closing about 3% below its 52-week high, per market data. (MarketWatch)
Tuesday’s results are under the microscope as investors focus on PepsiCo’s U.S. segment, looking for signs that demand is stabilizing after gains driven by price hikes. Analysts polled by FactSet forecast earnings of $2.24 per share on about $29 billion in revenue this quarter, according to data cited by Barron’s. On Monday, RBC Capital Markets’ Nik Modi said, “We expect PepsiCo’s domestic topline challenges to persist, but do see signs of improvement in snacking volumes.”
PepsiCo is set to drop its press release and annual report on Form 10-K around 6:00 a.m. EST Tuesday. Management’s prepared remarks will follow at about 6:30 a.m. Then, CEO Ramon Laguarta and CFO Steve Schmitt will hold a live Q&A session at 8:15 a.m. Back in December, the company shared a preliminary 2026 outlook, aiming for 2% to 4% “organic revenue” growth—sales growth excluding currency and deal impacts—and 4% to 6% growth in “core” constant-currency EPS, a profit measure adjusted for foreign-exchange swings. (PepsiCo)
PepsiCo’s stock swung between $152.89 and $156.61 on Monday, finally settling near $155.20. That’s up about $1.59 from Friday’s close, based on the latest trade data. Roughly 14.7 million shares changed hands during the session.
Investors will zero in on North America volumes—that is, pure demand—rather than pricing. They’ll scrutinize how much revenue growth comes from price increases and product mix versus real sales expansion. Costs matter too, especially packaging, freight, and labor, as small changes can quickly squeeze margins.
The calendar is full this week. Tuesday brings the U.S. job openings data, yet Friday’s January employment report is the real focus. The Federal Reserve is watching the labor market intently for signs of weakening. (Investopedia)
That said, the risks cut both ways. If PepsiCo’s volumes stay soft or costs spike beyond expectations, investors could quickly retreat at the first hint that 2026 targets are at risk or promotional spending is rising to defend market share.
Investors are digging beyond headline earnings and guidance, zeroing in on updates about cash returns and new insights into the company’s cost-cutting and portfolio moves—areas that have drawn intense scrutiny since last year’s activist campaign.
Tuesday morning’s release and management Q&A kick off at 8:15 a.m. EST. On Feb. 18, PepsiCo takes the stage at the Consumer Analyst Group of New York conference, a crucial moment for investors assessing the 2026 outlook.
