Episode Details

PepsiCo (PEP) Q3 2026 — The retained intraday quote was $126.43; the earnings-day close was not yet available. A $178 million tariff refund exceeded the $140 million increase in core operating profit, while PepsiCo reduced its core earnings outlook. International strength and the dividend help, but domestic profit conversion remains the test. THE CALL: HOLD (3/5, MODERATE) — Fair value ~$135 vs ~$126.43 Oct 8 intraday observation. KEY METRICS: - $25.274bn revenue; 3.1% organic growth - $178m tariff refund versus $140m core profit increase - Core CC EPS outlook cut to +1%–2% What to watch: Revisit at $115 with the operating thesis intact; require North America margin repair and recurring profit growth. Full research packet: https://chargedalpha.com/research/pep-q3-2026 Also on YouTube: @ChargedAlpha DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.