---
schema_version: "secwatch.filing_event.v1"
accession: "0000077476-25-000022"
form_type: "8-K"
ticker: "PEP"
cik: "0000077476"
company_name: "PEPSICO INC"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:36:04.950595+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PepsiCo Q1 GAAP EPS $1.33 (-10% YoY); guides 2025 core constant currency EPS ~flat

## Summary
- GAAP EPS $1.33, down 10% YoY; core EPS $1.48, down 4% on a constant currency basis.
- Organic revenue grew 1.2%; reported net revenue declined 1.8% with a 3% FX headwind.
- FY2025 guidance: core constant currency EPS now expected approximately even with prior year (previous: mid-single-digit growth).
- Low-single-digit organic revenue growth still expected; dividend increased 5% annualized (53rd consecutive increase).
- CEO cites volatile trade environment, higher supply chain costs, and subdued consumer conditions as key headwinds.

## SEC filing metadata
- accession: 0000077476-25-000022
- form_type: 8-K
- ticker: PEP
- cik: 0000077476
- company_name: PEPSICO INC
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77476/000007747625000022/0000077476-25-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77476/000007747625000022/pep-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077476-25-000022
- JSON: https://secwatch.observer/filing/0000077476-25-000022.json
- Plain text: https://secwatch.observer/filing/0000077476-25-000022.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.