PepsiCo continues to see FY26 core constant currency EPS up 4%-6%
For 2026, the Company continues to expect: Organic revenue to increase between 2% and 4%; Core constant currency EPS to increase between 4% and 6%; A core annual effective tax rate of approximately 22%; Capital spending to be below 5% of net revenue; A free cash flow conversion ratio of at least 80%; and Total cash returns to shareholders of approximately $8.9B, comprised of dividends of $7.9B and share repurchases of $1.0B.
For 2026, the Company continues to expect: Organic revenue to increase between 2% and 4%; Core constant currency EPS to increase between 4% and 6%; A core annual effective tax rate of approximately 22%; Capital spending to be below 5% of net revenue; A free cash flow conversion ratio of at least 80%; and Total cash returns to shareholders of approximately $8.9B, comprised of dividends of $7.9B and share repurchases of $1.0B.