$PEP

Analysis of Q2 2026 results for Kraft Heinz, Mondelēz and PepsiCo shows weaker or declining North American performance, while emerging markets grew organically between 4.4% and 8.5%. Drivers cited include tariffs, higher GLP-1 use in the US, rising private-label share, and pressured US shoppers. India, Brazil and Latin America were key growth regions; Europe was weakest for Mondelēz and Kraft Heinz.

Simply Wall St reports PepsiCo (PEP) is expanding via the U.S. launch of Alvalle gazpacho and a new multi-year partnership with the Tampa Bay Buccaneers. It notes PEP shares rose 3.82% over one month but fell 12.51% over three years. The article cites a fair value of $155.91 versus a $140.62 close and discusses margin support from AI and ERP efficiencies.

Bank of America analysts said US packaged food price cuts over the past year did not lift sales volumes, leading companies to pursue different revenue strategies. The bank highlighted Mondelez (MDLZ) and J.M. Smucker, and discussed peers including Kraft Heinz, Hershey, Conagra, General Mills, McCormick, Campbell Soup, and PepsiCo’s Frito-Lay. It also linked a pricing-led shift to potential factory closures.

PepsiCo said it is launching Alvalle chilled soup, a ready-to-eat gazpacho, at select Whole Foods Market locations in the US. The company links the move to demand for refrigerated, convenient meals with recognizable, simple ingredients, and to its broader portfolio expansion strategy. Alvalle is made with sun-ripened tomatoes, cucumber, peppers and extra-virgin olive oil.

The article says the U.S. Treasury has started issuing refunds for tariffs overturned by the Supreme Court, with hundreds of millions of dollars going to major retailers and manufacturers. It cites company disclosures including Walmart price rollbacks on 7,200 items, Apple receiving over $1.6 billion, and Amazon reporting $600 million in Q2 refunds and limited customer pass-through. It also discusses Treasury Secretary Scott Bessent’s view that consumers may not receive checks.

PepsiCo (PEP) will launch Alvalle gazpacho in the U.S. and expand Tostitos into the refrigerated aisle with limited-time Spicy Queso Blanco Chips and nationwide Chunky Guacamole. PepsiCo also signed a multi-year beverage partnership with the Tampa Bay Buccaneers, replacing its prior NFL beverage partner after 50 years.

Zacks compares Coca-Cola and PepsiCo after their Q2 results. Coca-Cola reported net revenue of $13.37B (+7% YoY), EPS of $0.97, and raised FY2026 organic revenue growth to ~5% and adjusted EPS growth to 9%-10%. PepsiCo posted $24.18B revenue and EPS $2.20, but North America volumes fell 4% and FY2026 outlook stayed at 2%-4% organic revenue growth.

Industrial SalesLeads reported fewer new North American planned capital projects in July versus June, with 51 new food and beverage projects, 3 pharmaceutical projects, and 2 mining and metals projects. Examples include ADM’s $103M Decatur, IL upgrades, PepsiCo’s Hutchins, TX distribution center work, and US Steel’s $475M Fairfield, AL expansion.

PepsiCo said early results from a Siemens-Nvidia software pilot testing factory configurations increased throughput by 20% and flagged up to 90% of design issues before physical changes. PepsiCo estimates the approach could cut capital expenditure by 10% to 15% by using existing capacity. A 12-week pilot combining two sites ran thousands of scenarios before construction.

After the Supreme Court overturned most of Trump’s tariffs, Treasury Secretary Scott Bessent said consumers likely would not see refund checks. Refunds have started, with hundreds of millions to major retailers and manufacturers. Walmart cited price rollbacks on 7,200 items. Apple said it received over $1.6B in Q2. Amazon disclosed $600M and said refunds may go only in limited cases.