---
schema_version: "secwatch.filing_event.v1"
accession: "0000077476-23-000060"
form_type: "8-K"
ticker: "PEP"
cik: "0000077476"
company_name: "PEPSICO INC"
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T03:01:29.110016+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PepsiCo raises FY2023 EPS guidance, reports Q3 EPS $2.24, organic revenue up 8.8%

## Summary
- GAAP EPS $2.24; Core EPS $2.25, up 16% on a constant-currency basis.
- Organic revenue grew 8.8%; reported net revenue up 6.7% with a 2% FX headwind.
- FY2023 core constant-currency EPS growth raised to 13% from prior 12%.
- FY2024 outlook: organic revenue and core constant-currency EPS growth expected towards upper end of long-term targets.

## SEC filing metadata
- accession: 0000077476-23-000060
- form_type: 8-K
- ticker: PEP
- cik: 0000077476
- company_name: PEPSICO INC
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77476/000007747623000060/0000077476-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77476/000007747623000060/pep-20231010.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077476-23-000060
- JSON: https://secwatch.observer/filing/0000077476-23-000060.json
- Plain text: https://secwatch.observer/filing/0000077476-23-000060.txt

## Key facts
- Earnings Releases
  PEPSICO INC updated its full-year 2024 guidance (initiated).
  - Period: full-year 2024
  - Guidance: initiated
  - Result: guidance update
  source text: we expect our full-year 2024 organic revenue and core constant currency EPS growth to be towards the upper end of our long-term targets
  evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747623000060/0000077476-23-000060-index.htm
- Earnings Releases
  PEPSICO INC updated its full-year 2023 guidance (raised).
  - Period: full-year 2023
  - Guidance: raised
  - Result: guidance update
  source text: we now expect our full-year 2023 core constant currency EPS to increase 13 percent (previously 12 percent) and continue to expect our full-year 2023 organic revenue to increase 10 percent
  evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747623000060/0000077476-23-000060-index.htm
- Earnings Releases
  PEPSICO INC reported third quarter 2023 (12 and 36 weeks ended September 9, 2023) results: EPS $2.24. Guidance raised.
  - Period: third quarter 2023 (12 and 36 weeks ended September 9, 2023)
  - EPS: $2.24
  - Guidance: raised
  - Result: reported results
  source text: reporting PepsiCo’s financial results for the 12 and 36 weeks ended September 9, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747623000060/0000077476-23-000060-index.htm

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