PepsiCo Reports First-Quarter 2025 Results; Updates 2025 Financial Guidance

PURCHASE, N.Y. - April 24, 2025 - PepsiCo, Inc. (NASDAQ: PEP) today reported results for the first quarter 2025.

“Our businesses remained resilient in the midst of increasingly dynamic and complex geopolitical and macroeconomic conditions in the first quarter. As we look ahead, we expect more volatility and uncertainty, particularly related to global trade developments, which we expect will increase our supply chain costs. At the same time, consumer conditions in many markets remain subdued and similarly have an uncertain outlook,” said Chairman and CEO Ramon Laguarta.

Laguarta continued, “We are actively planning mitigation actions to address these higher supply chain costs where possible, while at the same time being conscious to minimize disruption to our operations, our consumer and customer relationships, and the long-term health of our business. Accordingly, we will continue building upon the successful long-term expansion of our international business, while also taking actions to improve performance in North America. Our multi-year productivity initiatives will help fund disciplined commercial investments and aid our profitability. In this context, for 2025, we continue to expect low-single-digit organic revenue growth but now expect core constant currency EPS to be approximately even with the prior year (previously expected mid-single-digit growth). We also previously announced a 5 percent increase in our annualized dividend per share beginning with the June 2025 payment, representing our 53rd consecutive annual increase.”

For the full earnings release, please go here.