Original filing text · Part I

Item 3 — Quantitative and Qualitative Disclosures About Market Risk

Pepsico, Inc. · 10-Q · Q2 FY2026 · Period ended Jun 13, 2026

This is the extracted source text from the SEC filing. Formatting may differ from the original document.

See “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Our Business Risks.” In addition, see “Item 1A. Risk Factors,” “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Our Business Risks” and Note 9 to our consolidated financial statements in our 2025 Form 10-K.