PepsiCo (PEP): FY26 Q3 earnings call, Oct 8, 2026
On its Oct 8, 2026 earnings call (FY26 Q3), PepsiCo said 15 of the 29 words Kalshi and Polymarket listed; Parrot’s count agreed with all 29 settlements. Quotes below are at most 25 words each, with timed clips.
UpdatedMarkets
29 words · 15 settled yes · our count agreed on 29 of 29- Kalshi: company speakers + operator
Kalshi - Polymarket: anyone
Polymarket
backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.
| Word | Result | Our count | All speakers | Agrees | Probability | Clip | Market |
|---|---|---|---|---|---|---|---|
| Consumer | Yes | 14 | 14 | ✓ | 97%n=1+tx from settlement history blended with transcripts | Hear it 9:34, Consumer | – |
| Volume | Yes | 14 | 18 | ✓ | 94%n=4+tx from settlement history blended with transcripts | Hear it 4:12, Volume | – |
| Margin | Yes | 14 | 14 | ✓ | 92%n=1+tx from settlement history blended with transcripts | Hear it 2:51, Margin | – |
| Revenue 5+ times | Yes | 12 | 12 | ✓ | 26%n=1+tx from settlement history blended with transcripts | Hear it 2:00, Revenue 5+ times | – |
| Snack | Yes | 8 | 8 | ✓ | 84%transcripts from the transcript model | Hear it 2:43, Snack | – |
| Inflation | Yes | 6 | 6 | ✓ | 72%transcripts from the transcript model | Hear it 19:38, Inflation | – |
| Organic 5+ times | Yes | 5 | 5 | ✓ | 45%transcripts from the transcript model | Hear it 3:57, Organic 5+ times | – |
| Affordability | Yes | 3 | 3 | ✓ | 78%transcripts from the transcript model | Hear it 12:14, Affordability | – |
| Permissible | Yes | 2 | 2 | ✓ | 76%transcripts from the transcript model | Hear it 13:22, Permissible | – |
| Tariff | Yes | 2 | 3 | ✓ | 64%n=4+tx from settlement history blended with transcripts | Hear it 20:39, Tariff | – |
| Protein | Yes | 1 | 1 | ✓ | 77%transcripts from the transcript model | Hear it 13:51, Protein | – |
| Celsius | Yes | 1 | 1 | ✓ | 73%n=4+tx from settlement history blended with transcripts | Hear it 18:04, Celsius | – |
| Commercial | Yes | 1 | 1 | ✓ | 73%n=1+tx from settlement history blended with transcripts | Hear it 9:38, Commercial | – |
| Acquisition | Yes | 1 | 1 | ✓ | 51%n=4+tx from settlement history blended with transcripts | Hear it 32:40, Acquisition | – |
| AI / Artificial Intelligence | Yes | 1 | 1 | ✓ | 48%transcripts from the transcript model | Hear it 35:47, AI / Artificial Intelligence | – |
| Away from Home | No | 0 | 0 | ✓ | 90%n=4+tx from settlement history blended with transcripts | – | |
| PBNA | No | 0 | 0 | ✓ | 87%transcripts from the transcript model | – | |
| China | No | 0 | 0 | ✓ | 68%n=4+tx from settlement history blended with transcripts | – | |
| World Cup | No | 0 | 1 | ✓ | 60%n=1+tx from settlement history blended with transcripts | – | |
| GLP / GLP-1 | No | 0 | 0 | ✓ | 57%transcripts from the transcript model | – | |
| Fiber | No | 0 | 0 | ✓ | 54%transcripts from the transcript model | – | |
| Shipping | No | 0 | 0 | ✓ | 29%transcripts from the transcript model | – | |
| GLP-1 | No | 0 | 0 | ✓ | 28%n=3+tx from settlement history blended with transcripts | – | |
| Artificial Color | No | 0 | 0 | ✓ | 26%n=4+tx from settlement history blended with transcripts | – | |
| Autonomous | No | 0 | 0 | ✓ | 11%n=1+tx from settlement history blended with transcripts | – | |
| Bubly | No | 0 | 0 | ✓ | 11%n=1+tx from settlement history blended with transcripts | – | |
| Food for Tomorrow | No | 0 | 0 | ✓ | 9%n=4+tx from settlement history blended with transcripts | – | |
| Prebiotic | No | 0 | 0 | ✓ | 9%n=4+tx from settlement history blended with transcripts | – | |
| Fiscal 5+ times | No | 0 | 0 | ✓ | 3%n=1+tx from settlement history blended with transcripts | – |
Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 21, 2026 04:22 UTC.
Transcript
quotes of at most 25 wordsSpeaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.
6 matches for “Inflation”; 5 quoted, at least 25 words apart.
…much of the margin pressure is incremental investment versus incremental and unexpected inflation. Because I think that is really important to just understand both what…
…guess, costs, A&M, and tariffs. One, I would talk about on cost inflation overall, the teams internally have done a really nice job with our…
…flexibility in what do we do, to absorb this new wave of inflation that is coming to every country, not only the U.S., given energy…
…set of tactics between net revenue management and productivity to mitigate the inflation that is coming through our various lines of the P&L, as Steve…
…are open and we're realistic with the realities of the marketplace, the inflation, the consumer realities, and where does it make more sense to invest…
Where the listed words were said
…than what we had initially anticipated. It had to do with the consumer environment. It had to do with some of the commercial execution. That…
…look at the health of the business around the world, global beverage volume was up 3%, global food volume was up 1%, and it's actually…
Steve, if I can just slip in one on the margin side, obviously the earnings revision in Q4 is margin driven with the top-line expectations…
…a bit of a state of the union from you on the revenue side as we approach calendar year-end here. Obviously, internationally, another strong set…
…you think, as Steve mentioned, a 3% growth in beverages, global beverage volume, and a 4% in snacks globally, the snacks business, not the foods.
…guidance reduction, maybe you can just give us a sense order of magnitude, how much kind of the inflation expectation moved up that drove that?
…shifting to the North America business. Our foods business in North America, organic sales improved from Q2, and our beverage business in North America decelerated.…
…business. One is making sure that you provide the right value. So affordability, price points, entry points to the different categories, sub-segments, making sure that…
All the permissible portfolio, we have over $3 billion as well of permissible portfolio, which is going to be the growth space for the future.…
…in our beverage North America business in the third quarter related to tariffs. We talked a little bit about in our remarks about how much…
…that is a great portfolio that is growing. We're obviously launching Doritos Protein and some other variants that we see also having very good consumer…
…good one for us. Energy as well. I think the Alani plus Celsius makes sense by the time we get the two brands into the…
Agents: this page as TSV at /api/v1/appearances/pepsico:2026-10-08:earnings_call · words: /api/v1/brief?appearance=pepsico:2026-10-08:earnings_call · columnar JSON in #parrot-data · llms.txt · MCP