Investing.com -- PepsiCo (NASDAQ: PEP) reported second-quarter results that exceeded revenue expectations while adjusted earnings came in slightly below analyst estimates, with shares rising 1% following the announcement.

The company posted adjusted earnings per share of $2.20, missing the analyst consensus of $2.21 by $0.01. Revenue reached $24.18 billion, surpassing the $23.97 billion estimate and marking a 6.4% increase from $22.73 billion in the prior-year period. Organic revenue grew 2.4%, driven by effective pricing and volume gains across both global convenient foods and beverages businesses.

Shares of PepsiCo edged up 1% following the results.

"Our second quarter results featured strong organic volume and net revenue growth for the global convenient foods and global beverages businesses," said Chairman and CEO Ramon Laguarta. "Year-to-date, PepsiCo’s global organic volume has increased at the highest rate since 2022 - aided by the strength of the international business and the continued evolution of the portfolio to offer more choices through portion control varieties, diverse ingredients, functional benefits such as hydration, protein and fiber, energy and zero sugar beverage varieties."

International segments delivered strong performance, with each region posting solid net revenue growth. Asia Pacific Foods, International Beverages Franchise, and Europe, Middle East and Africa all reported organic volume increases. In North America, the convenient foods business gained volume market share through innovation and affordability initiatives, while the beverages business benefited from 2025 acquisitions.

Core operating profit increased 4% to $4.07 billion, though core operating margin contracted 40 basis points to 16.8%.

For fiscal 2026, PepsiCo affirmed its full-year guidance, expecting organic revenue growth of 2% to 4% and core constant currency EPS growth of 4% to 6%. The midpoint of the guidance implies core EPS growth of 5% to 7%, including foreign exchange benefits, compared to analyst expectations.

Following the report, analysts at Vital Knowledge said it is "mostly an inline/boring report, although the details skew net negative, with the Y/Y drop in margins and softness in North America organic revenue (both food and beverages)."