PEP · 10-Q · 2026Q2 · Full report

Retail Landscape

PEPSICO INC · 2026-07-09 · Importance 37 · Surprise 32

PepsiCo identifies disruption in the retail landscape — including growth in e‑commerce and mobile commerce, integration of physical and digital retail operations, subscription services and international expansion of hard discounters — as an ongoing industry shift. The company has observed retailers and buying groups shift value propositions, reduce shelf space or introduce private‑label brands, which can impact PepsiCo's ability to grow in certain jurisdictions. Management is working to build global e‑commerce and digital capabilities (including expanding direct‑to‑consumer) and is monitoring retailer relationships to seek mutually beneficial actions and resolve disputes. The filing frames changes at retail as a structural trend the company is addressing strategically.

Key facts

• Our industry has seen continued growth in sales through e-commerce websites and mobile commerce applications, including through subscription services. source