PepsiCo reports revenue exceeding expectations in the third quarter of 2025.

PepsiCo announced strong third-quarter 2025 revenue of $23.94 billion, exceeding analysts' expectations of $23.83 billion. This revenue was driven by stable demand for soft drinks and snacks in international markets, as well as significant growth in healthy beverage sales in the United States.
The company explained that "adjusted earnings per share exceeded estimates by about 3 cents, indicating stable operating performance despite global economic challenges."
PepsiCo is facing pressure from investment fund Elliott Management, which has criticized the company's slow performance compared to its competitor, Coca-Cola. This is in addition to increasing consumer complaints about high prices and increased government scrutiny in the United States regarding the use of artificial flavors.