---
schema_version: "secwatch.filing_event.v1"
accession: "0000077476-23-000048"
form_type: "8-K"
ticker: "PEP"
cik: "0000077476"
company_name: "PEPSICO INC"
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T09:11:53.968999+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PepsiCo Q2 GAAP EPS $1.99, revenue up 10.4%; raises full-year guidance

## Summary
- GAAP EPS $1.99; net revenue +10.4% YoY; organic revenue +13.0%.
- Core EPS $2.09; core constant currency EPS +15% YoY.
- Raises FY2023 guidance: organic revenue growth now 10% (was 8%), core constant currency EPS growth 12% (was 9%).
- CEO Ramon Laguarta cites strong momentum; investing in pep+ strategy and productivity initiatives.
- Foreign exchange headwind: -2.5% on revenue, -2% on EPS.

## SEC filing metadata
- accession: 0000077476-23-000048
- form_type: 8-K
- ticker: PEP
- cik: 0000077476
- company_name: PEPSICO INC
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77476/000007747623000048/0000077476-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77476/000007747623000048/pep-20230713.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077476-23-000048
- JSON: https://secwatch.observer/filing/0000077476-23-000048.json
- Plain text: https://secwatch.observer/filing/0000077476-23-000048.txt

## Key facts
- Earnings Releases
  PEPSICO INC reported Second-Quarter 2023 results: EPS $1.99. Guidance raised.
  - Period: Second-Quarter 2023
  - EPS: $1.99
  - Guidance: raised
  - Result: reported results
  source text: PepsiCo Reports Second-Quarter 2023 Results; Raises Full-Year Guidance Reported (GAAP) Second-Quarter and Year-to-Date 2023 Results Second-Quarter Year-to-Date Net revenue growth 10.4% 10.3% Foreign exchange impact on net revenue (2.5)% (2.5)% Earnings per share (EPS) $1.99 $3.38 EPS change 93% (17)% Foreign exchange impact on EPS (2)% (2)%
  evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747623000048/0000077476-23-000048-index.htm

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