PepsiCo reaffirms FY2026 outlook after Q2 as North America lags

PepsiCo kept its full-year 2026 guidance unchanged when it reported second-quarter results on July 9. The company still expected organic revenue growth of 2% to 4%, net revenue growth of 4% to 6%, core constant-currency EPS growth of 4% to 6% and core EPS growth of about 5% to 7%. The reaffirmation left the North American snack business as the main source of doubt for the second half.

• FY2026 organic revenue growth 2% to 4%, reaffirmed
• FY2026 net revenue growth 4% to 6%, reaffirmed
• FY2026 core constant-currency EPS growth 4% to 6%; core EPS growth about 5% to 7%
• Release states guidance for core EPS as a growth range only