百事公司周四公布了季度盈利和收入，均超出分析师预期，这得益于国际市场的增长，而其在北美地区的业务则持续表现不佳。
PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts' expectations, fueled by international growth as its North American business continues to lag.
2026年仅剩最后一个季度，该公司还下调了全年盈利预测，因为其在本土市场的困境正在拖累利润。百事公司预计核心每股收益将增长2.5%至3.5%，低于此前预测的5%至7%区间的下限。同时，该公司目前预计净收入将增长约6%，处于此前4%至6%预测区间的高端。
With one quarter left in 2026, the company also lowered its forecast for its full-year earnings, as its struggles in its home market weigh on profits. Pepsi expects core earnings per share to increase 2.5% to 3.5%, down from its previous projection of the low end of a range from 5% to 7%. It is also now projecting net revenue growth of about 6%, on the high end of its prior outlook of a range of 4% to 6%.
东部时间上午10点，敬请收看百事公司首席执行官拉蒙·拉瓜尔塔（Ramon Laguarta）做客CNBC电视台，讨论公司业绩。您也可以在CNBC+或CNBC Pro流媒体平台上实时观看。百事公司股价在盘前交易中下跌不到1%。
Tune in at 10 a.m. ET as PepsiCo CEO Ramon Laguarta joins CNBC TV to discuss the company's earnings. Watch in real time on CNBC+ or the CNBC Pro stream. Shares of Pepsi fell less than 1% in premarket trading.
以下是该公司公布的业绩数据与华尔街预期的对比（基于LSEG对分析师的调查）：每股收益：调整后为2.34美元，预期为2.29美元；收入：252.7亿美元，预期为249.6亿美元。
百事公司公布的第三季度归属于公司的净利润为30.5亿美元，即每股2.23美元，低于一年前的26亿美元或每股1.90美元。
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $2.34 adjusted vs. $2.29 expected Revenue: $25.27 billion vs. $24.96 billion expected Pepsi reported third-quarter net income attributable to the company of $3.05 billion, or $2.23 per share, down from $2.6 billion, or $1.90 per share, a year earlier.
剔除特殊项目后，公司每股收益为2.34美元。净销售额增长5.6%，达到252.7亿美元。不包括收购、出售和外汇影响的有机收入在本季度增长3.1%。
Excluding items, the company earned $2.34 per Net sales rose 5.6% to $25.27 billion. Organic revenue, which excludes acquisitions, divestitures and foreign exchange, increased 3.1% during the quarter.
百事公司报告称，本季度其饮料销量增长3%，食品销量增长1%。销量数据排除了价格和汇率波动的影响，以更准确地反映市场需求。
Pepsi reported volume growth of 3% for its beverages and 1% for its food for the quarter. Volume excludes pricing and currency fluctuations to reflect demand more accurately.
该公司的国际市场再次成为亮点。首席执行官拉蒙·拉瓜尔塔在准备好的讲话中表示，今年迄今为止，百事公司的国际业务贡献了公司净收入的41%。
The company's international markets were once again the bright spot. Pepsi's international business has accounted for 41% of the company's net revenue so far this year, CEO Ramon Laguarta said in prepared remarks.
本季度，百事公司几乎所有国际业务部门都实现了销量增长，仅欧洲、中东和非洲地区的便利食品部门销量下降了1%。但在本土市场，百事再次陷入困境。
Pepsi saw volume growth in all but one of its international business units during the quarter. Only its convenient foods division in Europe, the Middle East and Africa reported declining volume, of 1%. But in its home market, Pepsi once again struggled.
拉瓜尔塔表示：“我们在北美的业务表现低于预期，这也是一个重要的改进机会。”其北美饮料业务销量下滑2%，而北美食品部门销量持平。
"Our business in North America performed below our expectations and represents a meaningful opportunity for improvement," Laguarta said. Its North American beverage unit saw volume shrink 2%, while its North American food division reported flat volume.
首席财务官史蒂夫·施密特在事先准备好的讲话中表示，其国内业务的转型进展比预期要慢。迄今为止，修复这些陷入困境的部门的策略主要集中在创新以及公司的广告和营销上。
The turnaround of its domestic business is moving more slowly than expected, CFO Steve Schmitt said in prepared remarks. So far, the strategy to fix the struggling divisions has focused on innovation and the company's advertising and marketing.
在零食方面，百事倾向于使用更简单的配料、“替代”油以及蛋白质和纤维等功能性益处。其饮料业务将继续专注于功能性补水、风味软饮料、能量饮料和无糖选项。然而，拉瓜尔塔分享了一些积极迹象，表明公司的努力正在奏效。
For its snacks, Pepsi has leaned into simpler ingredients, "alternative" oils and functional benefits, like protein and fiber. Its drink business will continue to stay focused on functional hydration, flavored soft drinks, energy drinks and zero-sugar options. However, Laguarta shared green shoots showing that the company's efforts are working.
百事北美方便食品业务（包括多力多滋和桂格燕麦等品牌）有机收入环比有所改善。其北美饮料业务（包括同名苏打水和佳得乐等品牌）得益于功能性补水和无糖饮料，有机销量趋势有所回升。但百事的碳酸软饮料组合落后于整个品类，包括竞争对手可口可乐。
Pepsi's North American convenient foods business, which includes brands like Doritos and Quaker Oats, saw its organic revenue improve sequentially. Its North American beverage unit, which includes its namesake soda and Gatorade, among other brands, saw organic volume trends pick up, thanks to its functional hydration and zero-sugar drinks. But Pepsi's carbonated soft drink portfolio lagged behind the overall category, including rival Coca-Cola.
拉瓜尔塔在事先准备好的讲话中表示，百事正计划削减成本，以减少重复支出和可自由支配支出，从而为创新和营销方面的投资提供资金。
Pepsi is planning cost reductions to cut down on redundancies and discretionary spending to pay for investments in innovation and marketing, Laguarta said in prepared remarks.