Pepsico press release (PEP): Q4 Non-GAAP EPS of $2.26 beats by $0.02.
Revenue of $29.34B (+5.6% Y/Y) beats by $370M.
For 2026, the Company continues to expect:• Organic revenue to increase between 2 and 4 percent;• Core constant currency EPS to increase between 4 and 6 percent;• A core annual effective tax rate of approximately 22 percent;• Capital spending to be below 5 percent of net revenue; and• A free cash flow conversion ratio of at least 80 percent.
In addition, the Company expects:• Total cash returns to shareholders of approximately $8.9 billion, comprised of dividends of $7.9billion and share repurchases of $1.0 billion.
The Company today announced a 4 percent increase in its annualized dividend to $5.92 per share from$5.69 per share, effective with the dividend expected to be paid in June 2026. This represents theCompany’s 54th consecutive annual dividend per share increase. The Company also announced a newshare repurchase program providing for the repurchase of up to $10 billion of PepsiCo common stockthrough February 28, 2030.
