PepsiCo Inc

PEP: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PepsiCo Earnings: Affordability Focus and Innovation to Buoy US Volumes; International Demand Solid

Dan Su

Feb 3, 2026

PepsiCo's organic revenue rose 2% in the fourth quarter of 2025, as a mid-single-digit expansion in international sales and 2% growth in beverages in North America more than offset a 1% drop in food sales for the region. Adjusted operating margins widened 140 basis points to 13.9%.

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PepsiCo Inc

PepsiCo Earnings: Affordability Focus and Innovation to Buoy US Volumes; International Demand Solid

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