---
schema_version: "secwatch.filing_event.v1"
accession: "0000077476-23-000025"
form_type: "8-K"
ticker: "PEP"
cik: "0000077476"
company_name: "PEPSICO INC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:39:38.100146+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PepsiCo Q1 core EPS $1.50, organic revenue +14.3%; raises FY guidance

## Summary
- Q1 reported net revenue +10.2% (organic +14.3%); FX headwind of -2.5% on revenue.
- Core EPS $1.50 (+18% constant currency); GAAP EPS $1.40 (-54% vs prior-year gain).
- FY 2023 organic revenue growth guidance raised to 8% from previously 6%.
- FY 2023 core constant currency EPS growth guidance raised to 9% from previously 8%.
- CEO cites resilient categories and investments in pep+ strategy as growth drivers.

## SEC filing metadata
- accession: 0000077476-23-000025
- form_type: 8-K
- ticker: PEP
- cik: 0000077476
- company_name: PEPSICO INC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77476/000007747623000025/0000077476-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77476/000007747623000025/pep-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077476-23-000025
- JSON: https://secwatch.observer/filing/0000077476-23-000025.json
- Plain text: https://secwatch.observer/filing/0000077476-23-000025.txt

## Key facts
- Earnings Releases
  PEPSICO INC reported first quarter 2023 results: EPS $1.40. Guidance raised.
  - Period: first quarter 2023
  - EPS: $1.40
  - Guidance: raised
  - Result: reported results
  source text: Reported (GAAP) First-Quarter 2023 Results First-Quarter Net revenue growth 10.2% Foreign exchange impact on net revenue (2.5)% Earnings per share (EPS) $1.40
  evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747623000025/0000077476-23-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.