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PepsiCo shares lag the consumer staples ETF as stock underperforms
PepsiCo stock is down 3.3% on July 9 after North American food sales fell 2%, while the company left its 2026 outlook unchanged.
PepsiCo’s shares are underperforming the consumer defensive group, trading below key moving averages and trailing the State Street Consumer Staples Select Sector SPDR ETF, according to Yahoo Finance.
The article says PepsiCo has pulled back 17.7% from its 52-week high of $171.48, and it is down 3.6% over the past three months while XLP rose 1.2% over the same period. On a longer view, PepsiCo is down 1.7% year to date, compared with XLP up 10%, and the stock has declined 4% over 52 weeks versus XLP’s 6.5% gain.
Yahoo Finance also attributes some of the recent weakness to demand and pricing pressures in PepsiCo’s North American business. It notes PepsiCo shares fell 3.3% on July 9 after North American food sales declined 2%, reflecting weaker snack demand and lower effective net pricing tied to price cuts on brands including Lay’s and Doritos.
The piece adds that investors were also concerned about higher commodity, packaging, and logistics costs in the second half, with high gas prices hurting consumer demand more than expected. It cites that PepsiCo posted Q2 2026 revenue growth of 6.4% to $24.18 billion and core EPS of $2.20, while leaving its 2026 outlook unchanged at 2% to 4% organic growth.