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PEPSICO Lay's Tropicana . pepsi . QUAKER 6 PepsiCo Reports First - Quarter 2021 Results ; Reaffirms 2021 Financial Guidance Reported ( GAAP ) First - Quarter 2021 Results Net revenue growth Foreign exchange impact on net revenue Earnings per share ( EPS ) EPS change Foreign exchange impact on EPS Organic / Core ( non - GAAP ) ¹ First - Quarter 2021 Results Organic revenue growth Core EPS First Quarter 6.8 % ( 0.5 ) % $ 1.24 29 % ― % First Quarter 2.4 % $ 1.21 14 % Core constant currency EPS change PURCHASE , N.Y. - April 15 , 2021 - PepsiCo , Inc. ( NASDAQ : PEP ) today reported results for the first quarter 2021 . " We are pleased with our results for the first quarter as we successfully overcame challenges related to difficult year - over - year comparisons , uneven recoveries across many of our international markets and weather - related business disruptions in the U.S. , " said Chairman and CEO Ramon Laguarta . " Our results are indicative of the strength and resilience of our highly dedicated employees , diversified portfolio , agile supply chain and go - to - market systems and strong marketplace execution . And we remain fully committed to executing against our key set of priorities to become a Faster , Stronger and Better organization and win in the marketplace . Following our first quarter results , we have greater confidence in delivering on our financial guidance for the full year . " 1 Please refer to the Glossary for the definitions of non - GAAP financial measures , including " Organic , " " Core , " and " Constant Currency , " and to " Guidance and Outlook " for additional information regarding PepsiCo's full - year 2021 financial guidance . PepsiCo provides guidance on a non - GAAP basis as we cannot predict certain elements which are included in reported GAAP results , including the impact of foreign exchange and commodity mark - to - market net impacts . Please refer to PepsiCo's Quarterly Report on Form 10 - Q for the 12 weeks ended March 20 , 2021 ( Q1 2021 Form 10 - Q ) filed with the SEC for additional information regarding PepsiCo's financial results . 1