PepsiCo is raising some of the chip prices it cut in February. Will its core earnings top $2.30 a share on Oct 8?
56% of users predicted NO — the community missed this one. 9 predictions cast.
PepsiCo reported core earnings per share of $2.34 for the third quarter of 2026 on October 8, up 2% from a year earlier and above the $2.30 threshold in question. Net revenue rose 5.6% to roughly $25.3 billion, helped in part by the chip-price increases PepsiCo reinstated this quarter after cutting prices on some Frito-Lay products back in February to combat slowing snack volumes. Core operating profit climbed 3% to about $4.28 billion even as core operating margin narrowed slightly. Despite the beat, PepsiCo cut its full-year outlook, now projecting core EPS growth of just 2.5% to 3.5% for fiscal 2026, down from its earlier target of 5% to 7%, citing continued pressure on its North American business. CEO Ramon Laguarta pointed to additional structural cost-reduction actions being identified to shore up performance in the coming months.
Predict Six's community leaned against a beat, with only 44% predicting yes heading into the report. The outcome went against the majority: PepsiCo cleared the $2.30 bar on its core EPS figure, even as the weaker full-year guidance tempered the market's reaction to the print.