PepsiCo said operating profit declined 5% and operating margin fell 0.5 percentage points in the 12 weeks ended March 22, 2025. The company cited certain operating cost increases, a decline in organic volume, an unfavorable foreign exchange translation impact of 4 percentage points and a 3 percentage points impact of higher commodity costs as factors.

1. 01

   PepsiCo said operating profit declined 5% and operating margin fell 0.5 percentage points in the 12 weeks ended March 22, 2025. The company cited certain operating cost increases, a decline in organic volume, an unfavorable foreign exchange translation impact of 4 percentage points and a 3 percentage points impact of higher commodity costs as factors.

2. 02

   PepsiCo said its operations outside the United States generated 37% of consolidated net revenue in the 12 weeks ended March 22, 2025. The company explained that unfavorable foreign exchange reduced net revenue performance by 3 percentage points, primarily driven by declines in the Mexican peso and Egyptian pound.

3. 03

   PepsiCo said net cash from operating activities was $1.0 billion in the 12 weeks ended March 22, 2025. Net cash used in investing activities was $1.2 billion, and the company explained that this reflected primarily net cash paid for the Siete acquisition of $1.2 billion and net capital spending of $0.5 billion.

4. 04

   PepsiCo announced on February 4, 2025 that it is raising its annualized dividend by 5% to $5.69 per share from $5.42. The company said it expects to return approximately $8.6 billion to shareholders in 2025, consisting of approximately $7.6 billion in dividends and approximately $1.0 billion in share repurchases.

Key figures

Quarter ended March 22, 2025

Revenue

$17.9B

Operating income

$2.6B

Net income

$1.8B

EPS

$1.33

Gross profit

$10.0B

Operating cash flow

−$973M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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