PepsiCo, Inc. reported a significant increase in its financial performance for the 12 weeks ended March 21, 2026, with net revenue reaching $19.4 billion, a 9% increase from $17.9 billion in the same period last year. The company's operating profit also saw a notable rise of 24%, climbing to $3.2 billion from $2.6 billion. This growth was attributed to productivity savings, net revenue growth, and favorable foreign exchange impacts, despite facing certain operating cost increases.
The company's net income attributable to PepsiCo rose by 27% to $2.3 billion, or $1.70 per diluted share, compared to $1.8 billion, or $1.33 per diluted share, in the prior year. The increase in net income was supported by a favorable impact from pension and retiree medical benefits income, which improved by $35 million, reflecting changes in discount rates and higher expected returns on plan assets. Additionally, net interest expense increased by $37 million due to higher average debt balances.
In terms of strategic developments, PepsiCo completed the acquisition of poppi, a prebiotic soda business, for $1.95 billion, which is expected to enhance its beverage portfolio. The company also acquired Siete, a Mexican-American foods business, for $1.2 billion, further diversifying its product offerings. These acquisitions are part of PepsiCo's ongoing strategy to expand its market presence and product range.
Operationally, PepsiCo's international operations accounted for 39% of its consolidated net revenue, with significant contributions from markets such as Mexico, Canada, and China. The company reported a 2% increase in unit volume in its North American segments, while international segments experienced varied growth rates. The company also announced a new share repurchase program of up to $10 billion, which commenced on February 1, 2026, and is expected to enhance shareholder value.
Looking ahead, PepsiCo anticipates continued growth driven by its productivity initiatives and strategic acquisitions. The company remains focused on navigating challenges such as commodity price fluctuations and evolving consumer preferences, while also adapting to changes in the retail landscape and regulatory environment. The outlook for the remainder of the fiscal year remains positive, with expectations for further revenue and profit growth.
About PEPSICO INC
PepsiCo, Inc. is a global leader in beverage and convenient food manufacturing, marketing, and distribution. Its core segments include snacks (Lay’s, Doritos, Cheetos), cereals and branded foods (Quaker), and beverages (Pepsi, Gatorade, Mountain Dew). Serving over 200 countries, it leverages strong brands, innovation, and extensive distribution networks to compete effectively in highly competitive markets worldwide.
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