Form 10-Q · Quarterly report
PepsiCo 10-Q, filed Oct 8, 2026
- Filed
- CIK
- 0000077476
- Accession no.
- 0000077476-26-000048
Summary
PepsiCo filed its quarterly Form 10-Q, disclosing that operations outside the United States generated 45% of consolidated net revenue in the 36 weeks ended September 5, 2026, with Mexico, Russia, Canada, China, the United Kingdom, Brazil and South Africa together accounting for 25%. Favorable foreign exchange added 1 percentage point to net revenue in the 12-week period and 2 percentage points in the 36-week period, mainly from appreciation of the Mexican peso, Russian ruble and South African rand, partly offset by a weaker Turkish lira.
Key points
- PepsiCo describes accounting policies in which sales incentives and discounts are largely treated as reductions of revenue and accrued against annual targets, with interim-period allocation based on forecasted full-year incentives and each period's share of forecasted annual revenue or volume.
- PepsiCo states it sets its quarterly income tax provision using an estimated annual effective tax rate based on expected annual income, statutory rates and tax structures including transfer pricing arrangements.
- PepsiCo lists commodity, transportation and labor cost pressures, tariffs, import/export restrictions and Middle East conflict among factors affecting its supply chain, and says it may or may not pass price increases to customers.
- PepsiCo says jurisdictions where it operates have imposed or are considering climate-related legal and regulatory requirements, including greenhouse gas emissions regulation and potential carbon pricing programs, without predicting their ultimate impact.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. FINANCIAL REVIEW Our discussion and analysis is intended to help the reader understand our results of operations and financial condition and is provided as an addition to, and should be read in connection with, our condensed consolidated financial statements and the accompanying notes. Unless otherwise noted, tabular dollars are presented in millions, except per share amounts. All per share amounts reflect common stock per share amounts, assume dilution unless otherwise noted, and are based on unrounded amounts. Percentage changes are based on unrounded amounts. …
An excerpt of the text as filed with the SEC, cut for length.
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