PepsiCo announces 2026 growth targets, margin expansion plans following Elliott engagement

PEPSICO INC

Innovation and productivity initiatives at PepsiCo Foods North America to accelerate growth and improve core operating margin.
Expects organic revenue, core constant currency and core EPS growth to accelerate in FY 2026 with strong margin expansion.
Prioritizes disciplined capital allocation, improved FCF conversion and increased cash returns to shareholders.
Announcement follows constructive engagement with supportive shareholder Elliott Investment Management.
Live Q&A session with CEO Ramon Laguarta on December 9, 2025 at 7:30AM EST.

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