PepsiCo Reports Increased Net Revenue in Q1
Plus, the manufacturer has plans to market its Gatorade brand to ‘non-athletes.’
Apr 17, 2026
PepsiCo Inc. this week reported results for the first quarter of 2026.
The company reported:
- Net revenue increased 8.5% and organic revenue increased 2.6% year over year.
- Earnings per share (EPS) increased 27% year over year.
- Core EPS increased 9% year over year.
- Core constant currency EPS increased 5% year over year.
- The company reaffirmed its fiscal 2026 financial guidance.
“We are pleased with our first-quarter results, which featured an acceleration in both net revenue and organic revenue growth, with a notable improvement in convenient foods organic volume. An extensive commercial agenda, including the restaging of large global brands, innovation activity and affordability initiatives, is being executed well and business performance improved,” said Chairman and CEO Ramon Laguarta.
In February, PepsiCo said it would reduce prices on select snacks, and The Wall Street Journal reported that the move has helped drive performance.
“PepsiCo said it would cut prices on some of its chips and snacks by as much as 15%, in a bid to attract cost-conscious consumers back to brands like Lay’s and Doritos. The company also refreshed marketing and packaging to emphasize real ingredients and the absence of artificial colors and flavors,” the outlet wrote.
PepsiCo is also planning to revamp its Gatorade brand, aiming to expand its appeal beyond athletes to a broader group of consumers seeking hydration and functional benefits.
“New packaging highlights how Gatorade’s drinks and powders work and the research behind them. The shift reflects growing consumer interest in beverages with perceived health benefits,” reported The Associated Press.
Gatorade will now clearly label products to highlight performance benefits, such as faster or more effective hydration than water. A new product, Gatorade Longer Lasting, is expected to launch next year and will combine glycerin and electrolytes to support extended hydration.
Three-quarters of participants in a 2023 Datassential survey said they believe functional products can support longer life without major dietary changes. Read more in the NACS Magazine feature “Sipping Smarter: Functional Beverages Are in the Spotlight.”
