On January 17, 2025, PepsiCo acquired all of the outstanding equity interest in Siete, a Mexican-American foods business, for total consideration of $1.2 billion in cash. This acquisition expands PepsiCo's presence in the Mexican-American foods category.

On March 16, 2025, PepsiCo entered into a definitive agreement to acquire all of the outstanding equity interest in poppi, a prebiotic soda brand, for $1.95 billion in cash. This acquisition expands PepsiCo's presence in the prebiotic soda category.

PepsiCo repurchased $1.3 billion of its common stock during the 12 weeks ended March 22, 2025. This indicates a commitment to returning capital to shareholders.

PepsiCo's 2019 Productivity Plan has incurred $2.8 billion in pre-tax charges to date. This indicates ongoing efforts to improve efficiency and reduce costs.

PepsiCo is continuing to migrate certain of its financial processing systems to an Enterprise Resource Planning (ERP) system. This indicates a commitment to modernizing its technology infrastructure.

PepsiCo expects to return a total of approximately $8.6 billion to shareholders in 2025, comprising dividends of approximately $7.6 billion and share repurchases of approximately $1.0 billion. This indicates a commitment to returning capital to shareholders.

Unfavorable foreign exchange reduced net revenue performance by 3 percentage points primarily driven by declines in the Mexican peso and Egyptian pound. This indicates a risk associated with international operations.

PepsiCo's operations in Russia account for 3% of its consolidated net revenue and 13% of its consolidated cash and cash equivalents. This indicates a risk associated with geopolitical conditions in the markets where PepsiCo's products are made, manufactured, distributed or sold.

The imposition of tariffs (including U.S. tariffs imposed or threatened to be imposed on China, the European Union, Canada and Mexico and other countries and any tariffs imposed by such countries) are expected to impact our supply chain and result in increased input costs, including the cost of certain raw materials and packaging.

Our industry continues to be affected by disruption of the retail landscape, including the continued growth in sales through e-commerce websites and mobile commerce applications, including through subscription services, the integration of physical and digital operations among retailers and the international expansion of hard discounters.

The retail industry also continues to be impacted by the actions and increasing power of retailers, including as a result consolidation of ownership resulting in large retailers or buying groups with increased purchasing power, particularly in North America, Europe and Latin America.

PepsiCo's ability to compete effectively is a risk factor. This indicates a risk associated with the competitive landscape.

Operating profit performance was primarily driven by certain operating cost increases, a decline in organic volume, a 4-percentage-point unfavorable impact of foreign exchange translation and a 3-percentage-point impact of higher commodity costs. These impacts were partially offset by productivity savings, effective net pricing and lower advertising and marketing expenses.

Supply chain financing arrangements did not have a material impact on our liquidity or capital resources in the periods presented and we do not expect such arrangements to have a material impact on our liquidity or capital resources for the foreseeable future.

In connection with our 2019 multi-year productivity plan, we continue to migrate to shared business models across our operations to further simplify, harmonize and automate processes. This indicates a commitment to improving operational efficiency.

PepsiCo is continuing to migrate certain of its financial processing systems to an Enterprise Resource Planning (ERP) system. This indicates a commitment to modernizing its technology infrastructure.

The 2019 Productivity Plan leverages new technology and business models to further simplify, harmonize and automate processes; re-engineers our go-to-market and information systems, including deploying the right automation for each market; and simplifies our organization and optimizes our manufacturing and supply chain footprint.

PepsiCo's ability to adequately protect PepsiCo's intellectual property rights or infringement on intellectual property rights of others is a risk factor. This indicates a risk associated with innovation and technology.

PepsiCo repurchased $1.3 billion of its common stock during the 12 weeks ended March 22, 2025. This indicates a commitment to returning capital to shareholders.

PepsiCo expects to return a total of approximately $8.6 billion to shareholders in 2025, comprising dividends of approximately $7.6 billion and share repurchases of approximately $1.0 billion. This indicates a commitment to returning capital to shareholders.

Net cash used for investing activities was $1.2 billion, primarily reflecting net cash paid in connection with our acquisition of Siete of $1.2 billion and net capital spending of $0.5 billion, partially offset by maturities of short-term investments with maturities greater than three months of $0.4 billion.

Certain jurisdictions in which our products are made, manufactured, distributed or sold have either imposed, or are considering imposing, new or increased legal and regulatory requirements to reduce or mitigate the potential effects of climate change, including regulation of greenhouse gas emissions and potential carbon pricing programs.

PepsiCo's ability to attract, develop and maintain a highly skilled workforce or effectively manage changes in our workforce is a risk factor. This indicates a risk associated with social responsibility initiatives.

The Company is party to a variety of litigation, claims, legal or regulatory proceedings, inquiries and investigations. This indicates a risk associated with governance practices.

Our industry continues to be affected by disruption of the retail landscape, including the continued growth in sales through e-commerce websites and mobile commerce applications, including through subscription services, the integration of physical and digital operations among retailers and the international expansion of hard discounters.

Numerous countries, including European Union member states, have enacted, or are expected to enact, legislation incorporating the OECD model rules for a global minimum tax rate of 15%. This indicates a risk associated with regulatory environment.

Volatile economic, political, social and geopolitical conditions, civil unrest and wars and other military conflicts, acts of terrorism and natural disasters and other catastrophic events in certain markets in which our products are made, manufactured, distributed or sold are a risk factor. This indicates a risk associated with geopolitical risks.