百事 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March21, 2026 (12 weeks) OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number 1-1183 PepsiCo, Inc. (Exact Name of Registrant as Specified in its Charter) 13-1584302(I.R.S. EmployerIdentification No.) North Carolina(State or Other Jurisdiction ofIncorporation or Organization) 700 Anderson Hill Road, Purchase, New York 10577 (914) 253-2000 N/A (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Number of shares of Common Stock outstanding as of April9, 2026 was1,366,768,315. Table of Contents PageNo.Part I Financial InformationItem 1.Condensed Consolidated Financial Statements2Condensed Consolidated Statement of Income –12 Weeks EndedMarch 21, 2026and March 22, 20252Condensed Consolidated Statement of Comprehensive Income –12 Weeks Ended March 21, 2026 and March 22, 20253Condensed Consolidated Statement of Cash Flows –12 Weeks Ended March 21, 2026 and March 22, 20254Condensed Consolidated Balance Sheet –March 21, 2026 and December 27, 20256Condensed Consolidated Statement of Equity –12 Weeks Ended March 21, 2026 and March 22, 20257Notes to the Condensed Consolidated Financial Statements8Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations24Report of Independent Registered Public Accounting Firm38Item 3.Quantitative and Qualitative Disclosures About Market Risk39Item 4.Controls and Procedures39Part II Other InformationItem 1.Legal Proceedings40Item 1A.Risk Factors40Item 2.Unregistered Sales of Equity Securities and Use of Proceeds41Item 5.Other Information41Item 6.Exhibits41 PART I FINANCIAL INFORMATION ITEM1. Condensed Consolidated Financial Statements. Condensed Consolidated Statement of IncomePepsiCo, Inc. and Subsidiaries(in millions, except per share amounts, unaudited) Condensed Consolidated Statement of Comprehensive IncomePepsiCo, Inc. and Subsidiaries (in millions, unaudited) Condensed Consolidated Statement of Cash Flows (continued)PepsiCo, Inc. and Subsidiaries (in millions, unaudited) Condensed Consolidated Balance SheetPepsiCo, Inc. and Subsidiaries (in millions, except per share amounts) (Unaudited)3/21/202612/27/2025 Condensed Consolidated Statement of EquityPepsiCo, Inc. and Subsidiaries (in millions, except per share amounts, unaudited) Notes to the Condensed Consolidated Financial Statements Note 1 - Basis of Presentation and Our Segments Basis of Presentation When used in this report, the terms “we,” “us,” “our,” “PepsiCo” and the “Company” mean PepsiCo, Inc. andits consolidated subsidiaries, collectively. The accompanying unaudited condensed consolidated financial statements have been prepared in accordancewith U.S. Generally Accepted Accounting Principles (GAAP) for interim financial information and with therules and regulations for reporting the Quarterly Report on Form 10-Q (Form 10-Q). Accordingly, they do notinclude all of the information and footnotes required by GAAP for complete financial statements. We havesubsidiaries operating in highly inflationary economies, such as Argentina, Egypt and Turkey, and accordinglyapply highly inflationary accounting for these subsidiaries. The condensed consolidated balance sheet atDecember27, 2025 has been derived from the audited consolidated financial statements at that date, but d