---
schema_version: "secwatch.filing_event.v1"
accession: "0000077476-25-000046"
form_type: "8-K"
ticker: "PEP"
cik: "0000077476"
company_name: "PEPSICO INC"
filed_at: "2025-07-17T23:59:59+00:00"
generated_at: "2026-05-18T06:06:15.978704+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PepsiCo Q2 GAAP EPS $0.92 down 59%, core constant currency EPS down 5%; reaffirms FY guidance

## Summary
- Q2 reported net revenue +1.0%, organic +2.1%; YTD organic revenue +1.7%.
- Q2 GAAP EPS $0.92 (down 59%), core constant currency EPS down 5%; YTD GAAP EPS $2.25 (down 39%), YTD core constant currency EPS down 4.5%.
- Affirms FY2025 guidance: low-single-digit organic revenue growth; core constant currency EPS approximately even with prior year.
- Core USD EPS outlook improved due to moderation of foreign exchange headwinds (weakening USD).
- CEO cites international momentum and North America execution improvement as drivers.

## SEC filing metadata
- accession: 0000077476-25-000046
- form_type: 8-K
- ticker: PEP
- cik: 0000077476
- company_name: PEPSICO INC
- filed_at: 2025-07-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77476/000007747625000046/0000077476-25-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77476/000007747625000046/pep-20250717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077476-25-000046
- JSON: https://secwatch.observer/filing/0000077476-25-000046.json
- Plain text: https://secwatch.observer/filing/0000077476-25-000046.txt

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