PEP · 10-Q · 2026Q2 · Full report

Acquisitions / Divestitures (PBNA & Poppi)

PEPSICO INC · 2026-07-09 · Importance 39 · Surprise 50

PepsiCo’s segment commentary references portfolio reshaping via acquisitions and prior impairments: PBNA performance reflects a favorable net impact from acquisitions/divestitures (including the Poppi acquisition) and prior-year impairment of the Rockstar brand, while Asia Pacific Foods cited prior impairment of the Be & Cheery brand. The company attributes part of PBNA’s net-revenue gain to acquisition-related contributions and effective net pricing, offset by organic volume declines. These references indicate continued M&A-driven portfolio changes and selective exits/impairments that materially affect segment comparability and shelf assortment. Management uses acquisition/divestiture adjustments in its core (non‑GAAP) measures to explain ongoing performance.

Key facts

• For the 12 weeks ended June 13, 2026 acquisition and divestiture-related charges/credits included (46) in cost of sales and (45) in corporate unallocated expenses. source