PEP · 10-Q · 2026Q2 · Full report

FX / Currency Headwinds

PEPSICO INC · 2026-07-09 · Importance 42 · Surprise 40 · Matches filing data

PepsiCo states it is exposed to foreign exchange risks across its international markets and that favorable foreign exchange contributed ~2 percentage points to net revenue for the 12 weeks ended June 13, 2026 (primarily due to appreciation of the Mexican peso and Russian ruble) and ~3 percentage points for the 24 weeks ended June 13, 2026. The filing highlights that currency declines not offset could adversely impact future financial results and that Russia represented meaningful portions of revenue, assets and accumulated translation losses as of June 13, 2026. Management discloses monitoring of currency fluctuations and refers investors to Note 8 for fair value of financial instruments and Note 9 of the 2025 Form 10‑K for related discussion. The company also applies constant-currency analysis in its non‑GAAP measures and flags translation effects in segment results.

Key facts

• In the 24 weeks ended June 13, 2026 favorable foreign exchange contributed to net revenue performance by 3 percentage points primarily due to an appreciation of the Mexican peso and Russian ruble. source
• In the 12 weeks ended June 13, 2026 favorable foreign exchange contributed to net revenue performance by 2 percentage points primarily due to an appreciation of the Mexican peso and Russian ruble, partially offset by a decline in the Turkish lira. source

Impact estimates