PepsiCo (PEP) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - PepsiCo reported revenue of $29.34 billion for the quarter ended December 2025, reflecting a 5.6% increase year-over-year and surpassing the Zacks Consensus Estimate of $29 billion by 1.18% [1] - The company's EPS for the quarter was $2.26, up from $1.96 in the same quarter last year, also exceeding the consensus estimate of $2.24 by 1.09% [1] Revenue Performance by Segment - International Beverages Franchise (IB Franchise) generated net revenue of $1.58 billion, slightly above the estimated $1.55 billion [4] - EMEA (Europe, Middle East and Africa) reported net revenue of $6.08 billion, exceeding the average estimate of $6.03 billion [4] - PepsiCo Beverages North America (PBNA) achieved net revenue of $8.2 billion, surpassing the estimate of $8.14 billion and showing a year-over-year increase of 3.7% [4] - PepsiCo Foods North America (PFNA) reported net revenue of $8.31 billion, significantly higher than the estimated $8.22 billion, with a remarkable year-over-year change of 851.1% [4] - Latin America Foods (LatAm Foods) generated net revenue of $3.68 billion, slightly above the estimate of $3.58 billion, but reflecting a year-over-year decline of 0.2% [4] - Asia Pacific Foods reported net revenue of $1.49 billion, exceeding the estimated $1.46 billion [4] Core Operating Profit Analysis - Core Operating Profit for PFNA was $1.91 billion, matching the average estimate [4] - Core Operating Profit for PBNA was $721 million, slightly below the estimated $729.64 million [4] - Core Operating Profit for IB Franchise was $528 million, below the average estimate of $544.86 million [4] - Corporate unallocated Core Operating Profit was reported at -$738 million, worse than the estimated -$723.95 million [4] - Core Operating Profit for LatAm Foods was $725 million, slightly above the average estimate of $722.5 million [4] - Core Operating Profit for Asia Pacific Foods was $54 million, below the estimated $70.19 million [4] Stock Performance - PepsiCo shares have returned +10.9% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]