PepsiCo has reported a strong start to 2026, beating expectations on revenue and earnings while maintaining its full-year guidance. Price cuts on key snack brands, stronger beverage trends, and a broader brand refresh helped improve volumes, especially in North America.

In this episode of Companies to Watch, Dan Koh and Ryan Huang break down PepsiCo’s latest earnings, the turnaround efforts shaping the business, and the risks still facing the company.