Press release
PepsiCo Announces Priorities to Enhance Shareholder Value and Provides Preliminary 2026 Financial Outlook
Highlights suite of innovation, productivity and affordability initiatives at PepsiCo Foods North America to accelerate growth and improve core1 operating
About this update from Pepsico, Inc.
[{"type":"text","content":"Highlights suite of innovation, productivity and affordability initiatives at PepsiCo Foods North America to accelerate growth and improve core1 operating margin performanceExpects organic revenue, core constant currency and core earnings per share (EPS) growth to accelerate in fiscal 2026 with strong core operating margin expansionPrioritizes disciplined capital allocation framework, improving free cash flow conversion and increasing cash returns to shareholdersAims to optimize North American supply chain and go-to-market systemsFollows constructive engagement with supportive PepsiCo shareholder Elliott Investment ManagementLive Q&A session at 7:30AM EST on Tuesday, December 9, 2025, with PepsiCo Chairman and CEOPURCHASE, N.Y., Dec. 8, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced certain commercial and financial priorities to enhance shareholder value, including a preliminary 2026 financial outlook. The announcement followed a comprehensive review of PepsiCo's strategic initiatives and plans (overseen by its Board of Directors). \n \n \n \n \n \n \n \n\"Today, we are announcing our plans and initiatives that aim to accelerate organic revenue growth, deliver record productivity savings and improve core operating margin – starting in 2026,\" said Ramon Laguarta, Chairman and CEO of PepsiCo. \"PepsiCo Foods North America will play a critical role towards achieving these targets and we feel encouraged about the actions and initiatives we are implementing with urgency to improve both marketplace and financial performance.\"This announcement incorporates constructive engagement and is supported by PepsiCo shareholder Elliott Investment Management.\"We appreciate our collaborative engagement with PepsiCo's management team and the urgency they have demonstrated,\" said Marc Steinberg, Partner at Elliott. \"We believe the plan announced today to invest in affordability, accelerate innovation and aggressively reduce costs will drive greater revenue and profit growth. In addition, we welcome the comprehensive review of PepsiCo's North America supply chain and go-to-market systems, as well as PepsiCo's commitment to Board refreshment. We are confident that PepsiCo will create substantial value for shareholders as it executes on this plan, and we look forward to continued engagement with the Company.\"Commercial Actions ...