PepsiCo, Inc. has announced an offering of €500 million in 3.450% Senior Notes due 2037 and €500 million in 4.050% Senior Notes due 2055, totaling €1 billion. The offering was managed by Deutsche Bank AG, HSBC Bank plc, and Mizuho International plc. After deducting underwriting discounts and expenses, PepsiCo expects to receive approximately €989 million in net proceeds from this issuance, which will be utilized for general corporate purposes, including the repayment of commercial paper.
The Notes are unsecured obligations of PepsiCo and will rank equally with its other unsecured senior debts. They were issued under an Indenture dated February 12, 2024, and the offering was conducted under PepsiCo's automatic shelf registration statement. The company has filed a prospectus supplement with the SEC related to this offering, which includes comprehensive details about the Terms Agreement and the Indenture governing the Notes.
linkJul 28, 2025 16:30:34
PepsiCo, Inc. has announced an offering of various senior notes totaling $3.48 billion, which includes $750 million of 4.100% notes due in 2029, $650 million of 4.300% notes due in 2030, $850 million of 4.650% notes due in 2032, and $1.25 billion of 5.000% notes due in 2035. The offering was managed by BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities. The net proceeds from this offering will be used for general corporate purposes, including the repayment of commercial paper.
The notes are unsecured obligations of PepsiCo and rank equally with other unsecured senior debts. They were issued on July 23, 2025, under an Indenture dated February 12, 2024. The offering was conducted under PepsiCo's automatic shelf registration statement, which was filed with the SEC, and a prospectus supplement was also filed to provide details related to the offering.
linkJul 23, 2025 16:30:57
PepsiCo reported its financial results for the second quarter of 2025, highlighting an acceleration in net revenue growth compared to the previous quarter. The company's international business showed strong momentum, while its North American operations improved execution in key categories. For fiscal 2025, PepsiCo anticipates low-single-digit organic revenue growth and core constant currency earnings per share (EPS) to be approximately even with the prior year, aided by a moderation in foreign exchange headwinds due to a weaker U.S. dollar.
The company provided guidance indicating an expected low-single-digit increase in organic revenue and a core effective tax rate of around 20 percent. PepsiCo aims to return approximately $8.6 billion to shareholders through dividends and share repurchases. The anticipated foreign exchange headwind for reported net revenue and core EPS growth is now estimated at 1.5 percentage points, an improvement from a previous estimate of 3 percentage points. This change implies a 1.5 percent decline in core EPS for 2025 compared to the prior year.
linkJul 16, 2025 18:11:14
PepsiCo, Inc. has entered into a 364-day credit agreement with lenders to secure up to $5 billion for general corporate purposes, including working capital, capital investments, and acquisitions. The agreement was finalized on May 23, 2025, with Citibank, N.A. acting as the administrative agent and JPMorgan Chase Bank, N.A. and Bank of America, N.A. as syndication agents.
The lenders have expressed their willingness to extend this credit to PepsiCo and its subsidiaries under the terms outlined in the agreement. This funding may provide the company with additional resources to support its operational and strategic initiatives, potentially impacting its financial position and stock performance.
linkMay 23, 2025 16:30:34
Looking ahead, PepsiCo has adjusted its 2025 financial guidance, now expecting low-single-digit organic revenue growth and core constant currency EPS to be approximately even with the prior year, a revision from earlier expectations of mid-single-digit growth. The company anticipates a foreign exchange headwind of around 3 percentage points affecting reported net revenue and EPS growth. Additionally, PepsiCo announced a 5% increase in its annualized dividend per share, marking the 53rd consecutive annual increase, which may influence investor sentiment.
linkApr 23, 2025 18:13:29
PepsiCo's fourth quarter and full-year results for 2024 showed a slight decline in net revenue, with a reported decrease of 0.2% for the fourth quarter and a modest increase of 0.4% for the full year. Earnings per share (EPS) improved significantly, with a 17% increase in the fourth quarter, reaching $1.11, and a 6% increase for the year, totaling $6.95. The company also announced a 5% increase in its annual dividend, marking its 53rd consecutive year of dividend growth. Positive contributions came from productivity initiatives that helped improve margins despite challenges in certain divisions, including Quaker Foods North America, which faced impacts from a product recall. Additionally, international markets showed resilience, particularly in Europe and Asia Pacific, where operating profits increased significantly compared to the previous year.
On the downside, several divisions experienced notable declines in operating profit, particularly PepsiCo Beverages North America, which saw a drastic 127% decrease due to impairment charges and operational cost increases. Frito-Lay North America and Quaker Foods North America also reported decreases in operating profits, attributed to rising costs and declining organic volumes. The company faced challenges from geopolitical tensions and foreign exchange impacts, which adversely affected its revenue and EPS growth. Overall, while there were areas of growth, the negative impacts in key segments and the ongoing effects of the recall highlighted some operational difficulties.
linkFeb 03, 2025 18:23:44
PepsiCo's third-quarter results for 2024 reveal a slight decline in net revenue, down 0.6% compared to the previous year, largely due to challenges in North America and product recalls affecting their Quaker Foods division. Despite these setbacks, the company managed to maintain profitability through strong cost controls and strategic investments aimed at enhancing market competitiveness. The earnings per share saw a 5% decrease, but core earnings remained resilient with a 5% increase in constant currency.
Looking ahead, PepsiCo has adjusted its expectations for organic revenue growth to a low-single-digit increase from a previously anticipated 4%. However, the company continues to project a robust core EPS growth of at least 8%. The ongoing focus on cost management and investment in commercial activities is intended to stimulate consumer demand, even amid a challenging growth environment, indicating a cautious but proactive approach to navigating current market conditions.
linkOct 07, 2024 17:49:45
PepsiCo reported Q2 2024 results with 0.8% revenue growth, 13% EPS increase, and plans for 4% organic revenue growth and 8% core EPS growth for the full year. Challenges included product recalls impacting North America convenient foods. Despite this, the company aims to boost productivity and make strategic investments. Year-to-date results showed mixed performance across regions. The outlook includes a 7% core EPS increase for 2024 compared to 2023, with total cash returns to shareholders of $8.2 billion.
linkJul 10, 2024 17:53:51
PEPSICO, INC. has signed a 364-day $5 billion credit agreement with various lenders for general corporate use. The agreement includes terms on advances, fees, covenants, and default events. The lenders are willing to extend credit for working capital, investments, and acquisitions. The agreement outlines definitions, accounting terms, conditions, representations, and guarantees. The company sought this credit extension for its operations and subsidiaries.
linkMay 24, 2024 16:32:17
PepsiCo's first-quarter 2024 results show 2.3% net revenue growth, with a 6% increase in EPS. Despite challenges like product recalls, the company remains focused on delivering consumer value. Affirming 2024 guidance, PepsiCo aims for 4% organic revenue growth and 8% core constant currency EPS growth. The company also plans a 7% annual dividend increase, marking its 52nd consecutive yearly rise.
linkApr 22, 2024 17:59:24