PepsiCo outlines 2026 financial targets after Elliott engagement
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PepsiCo Announces Priorities to Enhance Shareholder Value and Provides Preliminary 2026 Financial Outlook
December 8, 2025 4:30 PM ESTHighlights suite of innovation, productivity and affordability initiatives at PepsiCo Foods North America to accelerate growth and improve core1Â operating margin performanceExpects organic revenue, core constant currency and core earnings per share (EPS) growth to accelerate in fiscal 2026 with strong core operating margin expansionPrioritizes disciplined capital allocation framework, improving free cash flow conversion and increasing cash returns to shareholdersAims to optimize North American supply chain and go-to-market systemsFollows constructive engagement with supportive PepsiCo shareholder... More
