The stock is rising in futures trading ahead of Wall Street's opening on Thursday.
Core earnings per share rose to $2.20, up from $2.12 a year earlier. The average analyst estimate was $2.19 a share.
Net revenue rose 6.4 percent to $24.2 billion during the quarter, beating the average forecast of $24.0 billion.
For all of 2026, PepsiCo is maintaining its forecast of so-called organic growth of 2-4 percent.
