PEP

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Exhibit 99.1

PepsiCo Reports Third-Quarter 2026 Results

Third-Quarter and Year-to-Date Results1

•Net revenue increased 5.6% and 6.7%, respectively

•Organic revenue2 increased 3.1% and 2.7%, respectively

•Earnings per share (EPS) increased 17% and 47%, respectively

•Core2 EPS increased 2% and 5%, respectively

•Core constant currency2 EPS increased 1.5% and 2%, respectively

Guidance

•Company updates fiscal 2026 financial guidance2

PURCHASE, N.Y. - October 8, 2026 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for third-quarter 2026.

“Our third-quarter results featured strong net revenue growth, an acceleration in organic revenue growth with organic volume growth across both global beverages and convenient foods. The results reflect the scale and resilience of the international business, the ongoing evolution of the global portfolio and an improved presence in underpenetrated channels and occasions,” said Chairman and CEO Ramon Laguarta.

Laguarta continued, “Looking ahead, we remain focused on building upon the strength of the International business while acting with urgency to sustainably improve our performance in North America through more investments in innovation, effective brand building, and sharper marketplace execution by channel. Additional structural cost reduction actions are being identified and will be implemented in the coming months to help fund investments that aim to accelerate organic revenue growth and mitigate the impacts of rising input cost inflation.”

Third-QuarterYear-to-Date

($ in millions, except EPS)Q3 2026Q3 2025ChangeQ3 2026Q3 2025Change

Net revenue$25,274$23,9375.6%$68,898$64,5826.7%

Organic revenue performance3.1%2.7%

Operating profit$4,260$3,56919%$11,496$7,94145%

Operating margin 16.9%14.9%195 bps16.7%12.3%440 bps

Core operating profit$4,277$4,1373%$11,394$10,8375%

Core operating margin16.9%17.3%(35) bps16.5%16.8%(25) bps

EPS$2.23$1.9017%$6.10$4.1547%

Core EPS$2.34$2.292%$6.15$5.885%

Core constant currency EPS1.5%2%

1 Versus the prior year.

2 Please refer to the reconciliation of generally accepted accounting principles (GAAP) and non-GAAP information in the attached exhibits and to the Glossary for the definitions of non-GAAP financial measures, including “Organic revenue performance,” “Core” and “Constant currency,” and to “Guidance and Outlook” for additional information regarding PepsiCo’s full-year 2026 financial guidance. PepsiCo provides guidance on a non-GAAP basis as we cannot predict certain elements which are included in reported GAAP results, including the impact of foreign exchange and commodity mark-to-market net impacts. Please refer to PepsiCo’s Quarterly Report on Form 10-Q for the 12 and 36 weeks ended September 5, 2026 (Q3 2026 Form 10-Q) filed with the Securities and Exchange Commission (SEC) for additional information regarding PepsiCo’s financial results.

1

Third-Quarter Results Discussion

•Net revenue increased 5.6% due to 3.1% organic revenue growth, a 1.7-percentage-point net benefit from acquisitions and divestitures and a 0.7-percentage-point benefit from foreign exchange translation. Organic revenue growth reflects the benefits associated with effective net pricing and a contribution from organic volume growth.

◦In North America, convenient foods net revenue trends improved sequentially, reflecting savory snacks volume growth and volume market share improvement, offset by lower effective net pricing. The beverages business delivered 5 percent net revenue growth, primarily reflecting the benefits of acquisitions made in 2025.

◦The international businesses performed well with each segment delivering strong net revenue growth - aided by organic volume growth within Asia Pacific Foods, International Beverages Franchise and Latin America Foods.

•Operating profit increased 19% and operating margin expanded 195 basis points, primarily reflecting a favorable net impact of acquisition and divestiture-related charges/credits and a favorable impact of net mark-to-market gains on commodity derivatives. Core operating profit increased 3%, with core operating margin contracting 35 basis points. The core operating profit performance reflects productivity savings, effective net pricing and a 4-percentage-point favorable impact of tariff refunds. These impacts were partially offset by certain operating cost increases and higher advertising and marketing expenses.

•EPS increased 17% and core EPS increased 2%, primarily driven by operating profit growth.

Year-to-Date Results Discussion

•Net revenue increased 6.7% due to 2.7% organic revenue growth, a 2.0-percentage-point benefit from foreign exchange translation and a 2.0-percentage-point net benefit from acquisitions and divestitures. Organic revenue growth reflects the benefits associated with effective net pricing and a contribution from organic volume growth.

◦In North America convenient foods, organic volume and volume

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Exhibit 99.1

PepsiCo Reports Second-Quarter 2026 Results

Second-Quarter and Year-to-Date Results1

•Net revenue increased 6.4% and 7.3%, respectively

•Organic revenue2 increased 2.4% and 2.5%, respectively

•Earnings per share (EPS) increased 137% and 72%, respectively

•Core2 EPS increased 4% and 6%, respectively

•Core constant currency2 EPS increased 1% and 3%, respectively

Guidance

•Company affirms fiscal 2026 financial guidance2

PURCHASE, N.Y. - July 9, 2026 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for second-quarter 2026.

"Our second quarter results featured strong organic volume and net revenue growth for the global convenient foods and global beverages businesses. Year-to-date, PepsiCo's global organic volume has increased at the highest rate since 2022 - aided by the strength of the international business and the continued evolution of the portfolio to offer more choices through portion control varieties, diverse ingredients, functional benefits such as hydration, protein and fiber, energy and zero sugar beverage varieties," said Chairman and CEO, Ramon Laguarta.

Laguarta continued, "Looking ahead, we will continue to execute on our strategic priorities with a focus on accelerating top line growth – including the restaging of certain global brands, innovating with emerging, functional and permissible offerings and investing in certain affordability initiatives. We are also elevating productivity across the organization to improve operating leverage."

Second-QuarterYear-to-Date

($ in millions, except EPS)Q2 2026Q2 2025ChangeQ2 2026Q2 2025Change

Net revenue$24,181$22,7266.4%$43,624$40,6457.3%

Organic revenue performance2.4%2.5%

Operating profit$4,023$1,789125%$7,236$4,37265%

Operating margin 16.6%7.9%875 bps16.6%10.8%585 bps

Core operating profit$4,067$3,9114%$7,117$6,7006%

Core operating margin16.8%17.2%(40) bps16.3%16.5%(15) bps

EPS$2.18$0.92137%$3.88$2.2572%

Core EPS$2.20$2.124%$3.81$3.596%

Core constant currency EPS1%3%

1 Versus the prior year.

2 Please refer to the reconciliation of generally accepted accounting principles (GAAP) and non-GAAP information in the attached exhibits and to the Glossary for the definitions of non-GAAP financial measures, including “Organic revenue performance,” “Core” and “Constant currency,” and to “Guidance and Outlook” for additional information regarding PepsiCo’s full-year 2026 financial guidance. PepsiCo provides guidance on a non-GAAP basis as we cannot predict certain elements which are included in reported GAAP results, including the impact of foreign exchange and commodity mark-to-market net impacts. Please refer to PepsiCo’s Quarterly Report on Form 10-Q for the 12 and 24 weeks ended June 13, 2026 (Q2 2026 Form 10-Q) filed with the Securities and Exchange Commission (SEC) for additional information regarding PepsiCo’s financial results.

1

Second-Quarter Results Discussion

•Net revenue increased 6.4% due to 2.4% organic revenue growth, a 2.2-percentage-point benefit from foreign exchange translation and a 1.8-percentage-point net benefit from acquisitions and divestitures. Organic revenue growth reflects the benefits associated with effective net pricing and a contribution from organic volume growth.

◦In North America, the convenient foods business gained volume market share aided by innovation and affordability initiatives. Convenient foods net revenue declined and primarily reflects lower effective net pricing. The beverages business delivered strong net revenue growth, primarily reflecting the benefits of acquisitions made in 2025 and organic growth.

◦The international businesses performed well with each segment delivering strong net revenue growth - aided by organic volume growth within Asia Pacific Foods, International Beverages Franchise and Europe, Middle East and Africa and a sequential improvement in organic volume trends in Latin America Foods.

•Operating profit increased 125% and operating margin expanded 875 basis points, reflecting prior-year impairment charges related to the Rockstar and Be & Cheery brands, lower restructuring charges and a favorable net impact of acquisition and divestiture-related charges/credits. Core operating profit increased 4%, with core operating margin contracting 40 basis points. The core operating profit performance was primarily driven by productivity savings and effective net pricing, partially offset by certain operating cost increases.

•EPS increased 137% and core EPS increased 4%, primarily driven by operating profit growth.

Year-to-Date Results Discussion

•Net revenue increased 7.3% due to a 2.7-percentage-point benefit from foreign exchange translation, 2.5% organic revenue growth and a 2.1-percentage-point net benefit from acquisitions and divestitures. Organic revenue growth reflects the benefits associated with effective net pricing and a contribution from organic volume growth.

◦In North America, organic volum

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Exhibit 99.1

PepsiCo Reports First-Quarter 2026 Results1

•Net revenue increased 8.5% and organic revenue2 increased 2.6%

•Earnings per share (EPS) increased 27%

•Core2 EPS increased 9%

•Core constant currency2 EPS increased 5%

•Company affirms fiscal 2026 financial guidance2

PURCHASE, N.Y. - April 16, 2026 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for first-quarter 2026.

“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, which includes the restaging of large global brands, innovation activity and certain affordability initiatives, is being executed well and business performance improved,” said Chairman and CEO, Ramon Laguarta.

Laguarta continued, “We are encouraged with the resilience of the International business while North America continued to make progress in the first quarter. As we look ahead, we aim to successfully execute our commercial plans and tightly manage costs to help fund investments to accelerate growth. Therefore, we are affirming fiscal 2026 financial guidance and expected cash returns to shareholders – including the previously announced 4 percent increase in the annualized dividend per share beginning with the June 2026 payment, which will represent our 54th consecutive annual increase.”

First-Quarter Results Discussion

($ in millions, except EPS)Q1 2026Q1 2025Change

Net revenue$19,443$17,9198.5%

Organic revenue performance2.6%

Operating profit$3,213$2,58324%

Operating margin 16.5%14.4%210 bps

Core operating profit$3,050$2,7899%

Core operating margin15.7%15.6%10 bps

EPS$1.70$1.3327%

Core EPS$1.61$1.489%

Core constant currency EPS5%

1 Versus the prior year.

2 Please refer to the reconciliation of generally accepted accounting principles (GAAP) and non-GAAP information in the attached exhibits and to the Glossary for the definitions of non-GAAP financial measures, including “Organic revenue performance,” “Core” and “Constant currency,” and to “Guidance and Outlook” for additional information regarding PepsiCo’s full-year 2026 financial guidance. PepsiCo provides guidance on a non-GAAP basis as we cannot predict certain elements which are included in reported GAAP results, including the impact of foreign exchange and commodity mark-to-market net impacts. Please refer to PepsiCo’s Quarterly Report on Form 10-Q for the 12 weeks ended March 21, 2026 (Q1 2026 Form 10-Q) filed with the Securities and Exchange Commission (SEC) for additional information regarding PepsiCo’s financial results.

1

•Net revenue increased 8.5% due to a 3.4-percentage-point benefit from foreign exchange translation, 2.6% organic revenue growth, and a 2.5-percentage-point net benefit from acquisitions and divestitures. Organic revenue growth reflects the benefits associated with effective net pricing and a slight contribution from organic volume growth.

◦In North America, PepsiCo Foods and PepsiCo Beverages delivered a sequential acceleration in reported net revenue and organic revenue growth. PepsiCo Foods delivered volume growth as innovation and affordability initiatives began to take hold. PepsiCo Beverages volume trends also improved sequentially and versus the prior year.

◦The international businesses performed well with each segment delivering a sequential acceleration in net revenue growth. Organic revenue growth was aided by good performance in Asia Pacific Foods; Europe, Middle East and Africa; and International Beverages Franchise while Latin America Foods remained resilient.

•Operating profit increased 24% and operating margin expanded 210 basis points. This reflects a core operating profit increase of 9%, with core operating margin expansion of 10 basis points, a favorable impact of net mark-to-market gains on commodity derivatives and a favorable net impact of acquisition and divestiture-related charges/credits. Core operating profit performance was primarily driven by productivity savings, net revenue growth and a 4-percentage-point benefit from foreign exchange translation, partially offset by certain operating cost increases.

•EPS increased 27% and core EPS increased 9%, primarily driven by the operating profit growth.

2

Summary First-Quarter 2026 Performance

Revenue Volume(a)

GAAP Reported % ChangePercentage Point ImpactOrganic % Change% Change

Foreign Exchange TranslationAcquisitions and DivestituresConvenient FoodsBeverages

PepsiCo Foods North America (PFNA)2—(1)12

PepsiCo Beverages North America (PBNA)9—(7)2(2.5)

International Beverages Franchise (IB Franchise)9(4)—50.5

Europe, Middle East and Africa (EMEA)18(12)—792

Latin America Foods (LatAm Foods)16(13)—3(2)

Asia Pacific Foods11(4)—79

Total9(3)(2.5)34—

Operating Profit and EPS

GAAP Reported % ChangePercentage Point ImpactCore Constant Currency % Change

Items Affecting Comp