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    PEPSICO (PEP)

    Q2 2025 Earnings Summary

    Reported on Jul 17, 2025 (Before Market Open)
    Pre-Earnings Price$135.35Last close (Jul 16, 2025)
    Post-Earnings Price$141.70Open (Jul 17, 2025)
    Price Change
    $6.35(+4.69%)
    MetricYoY ChangeReason

    Total Revenue

    Up roughly 1%

    The total revenue increased modestly from $22,501 million to $22,726 million, indicating balanced performance across regions. This modest growth suggests that gains in markets such as EMEA helped offset declines elsewhere, reflecting effective pricing tactics and stable organic growth relative to last period.

    Latin America Revenue

    Down about 16%

    The 16% drop from $3,045 million to $2,548 million suggests significant challenges in the Latin America market. This decline likely stems from adverse market conditions, including currency headwinds and lower organic volume compared to the previous period, highlighting ongoing difficulties in that region.

    Europe Revenue (EMEA)

    Up approximately 29%

    A 29% increase from $3,515 million to $4,536 million indicates robust recovery and improvement in the EMEA region. This impressive gain may be driven by favorable foreign exchange impacts, strong effective net pricing, and market initiatives that have markedly improved performance compared to the previous period.

    Asia Pacific Revenue

    Down roughly 9%

    The 9% decline from $1,103 million to $1,002 million reflects challenges in the Asia Pacific region. Factors such as reduced effective net pricing, strategic divestitures, or tougher consumer conditions likely contributed to a less favorable performance compared to the previous period.

    MetricPeriodPrevious GuidanceCurrent GuidanceChange

    Organic Sales Growth Guidance

    FY 2025

    Includes high inflation economies with immaterial impact on revenue generation or earnings

    No specific details provided in Q2 2025 guidance

    not directly comparable

    Top-Line Revenue Guidance

    FY 2025

    Reiterated low single-digit growth guidance for FY 2025

    Mentions sequential improvement in top-line performance

    not directly comparable

    Earnings Guidance Adjustment

    FY 2025

    Reduced full-year earnings outlook owing to tariff, macro, and consumer uncertainty challenges

    No specific earnings guidance provided

    not directly comparable

    International Business Growth

    FY 2025

    Expected contribution at a mid-single-digit rate with some markets achieving high single-digit growth

    No detailed information provided

    not directly comparable

    Productivity Initiatives

    FY 2025

    No prior guidance

    Mentioned as a focus in Q2 2025 discussions

    no prior guidance

    Long-term Algorithm Guidance

    FY 2025

    No prior guidance

    Indicated a return to the low end of their long-term algorithm

    no prior guidance

    MetricPeriodGuidanceActualPerformance
    Top-Line Revenue Growth
    Q2 2025
    "low single-digit growth"
    $22,726(vs. $22,501In Q2 2024 ⇒ +1% YoY)
    Met
    International Business Growth
    Q2 2025
    "mid single-digit rate"
    $9,454 (vs. $9,255 ⇒ +2% YoY, derived from Q2 2024 vs. Q2 2025)
    Missed

    Research analysts covering PEPSICO.