PEP · News · 20261013N
Acquisitions / Divestitures (PBNA & Poppi)
PEPSICO INC · 2026-10-13 · Importance 90 · Surprise 100 · No source text
PepsiCo acquired full ownership of Poppi for $1.9 billion in cash, plus $200 million of contingent consideration valued at the acquisition date. As of September 5, 2026, PepsiCo estimated performance-based Poppi payments at approximately $12 million, down from $117 million in June and $278 million in December. The reduced earnout indicates Poppi is falling short of required growth targets amid weak U.S. soda sales and lowers the potential additional acquisition consideration by $266 million from the December estimate.
Key facts
- PepsiCo reduced its estimated Poppi earnout by 90% to $12 million from $278 million. source
- PepsiCo acquired full ownership of Poppi for $1.9B in cash plus $200M in contingent consideration based on its fair value at the acquisition date. source
- PepsiCo had forecast $278M of Poppi-related performance-based payments in December. source
- As of Sept. 5, PepsiCo estimates the value of performance-based payments related to the Poppi acquisition at around $12M. source
- PepsiCo cut the estimated earnout payment for Poppi to $12 million, down from $278 million. source
- PepsiCo reported the Poppi-related performance-based payments at $117M in June. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -1.4% | PepsiCo acquired full ownership of Poppi for $1.9B in cash plus $200M in contingent consideration based on its fair value at the… |
| liability | positive | realized | +0.2% | PepsiCo reduced its estimated Poppi earnout by 90% to $12 million from $278 million. |
| liability | negative | committed | -0.1% | PepsiCo acquired full ownership of Poppi for $1.9B in cash plus $200M in contingent consideration based on its fair value at the… |