GXPSETF

Philip Morris International (PM) reported Q3 2026 results beating both earnings and revenue estimates with year-over-year growth. The company's smoke-free product business now accounts for over 40% of revenues, with strong e-vapor shipment growth. However, PM shares initially fell 4.8% post-earnings due to concerns over rising energy costs and supply chain disruptions from Middle East and Ukraine conflicts, though they later rebounded 3.8%.

PepsiCo reported Q3 fiscal 2026 revenues of $25.27 billion and core EPS of $2.34, beating estimates, but faces margin pressure from rising commodity and energy costs. The company lowered its full-year core EPS growth guidance to 2.5-3.5% from 5-7% and plans additional cost-cutting measures. The results highlight PepsiCo's exposure through major consumer staples ETFs.