M&A - PEPSICO INC

Form Type: 10-Q

Filing Date: 2025-04-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000007747625000019

Filing Summary: The document is a 10-Q filing by PepsiCo, Inc. which presents the financial results for the quarter ended on March 22, 2025. Total net revenue for the quarter was reported at $17,919 million, a slight decrease from $18,250 million in the same period last year. The cost of sales was $7,926 million, leading to a gross profit of $9,993 million. The company's net income for this quarter was $1,843 million, compared to $2,053 million in the prior year. Earnings per share attributable to common shareholders were $1.34 on a basic and $1.33 on a diluted basis, reflecting a decline in profitability. Furthermore, comprehensive income totaled $2,377 million for the quarter, with a significant other comprehensive income net of taxes amounting to $534 million. The financial statements show a strong liquidity position, but there was substantial cash used for investing activities, amounting to $1,232 million, primarily due to acquisitions and capital spending. Notable acquisitions mentioned include those under the 'Siete' and 'Poppi' brands.