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百事公司Pepsico, Inc.(PEP)2025年10-K年度报告「NYSE」(英文版)(342页).pdf

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1、 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWASHINGTON,D.C.20549FORM 10-K(Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 27,2025ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 19

2、34For the transition period from to Commission file number 1-1183PepsiCo,Inc.(Exact Name of Registrant as Specified in its Charter)North Carolina 13-1584302(State or Other Jurisdiction of Incorporation or Organization)(I.R.S.Employer Identification No.)700 Anderson Hill Road,Purchase,New York 10577(

3、Address of principal executive offices and Zip Code)(914)253-2000 Registrants telephone number,including area codeSecurities registered pursuant to Section 12(b)of the Securities Exchange Act of 1934:Title of each classTrading SymbolsName of each exchange on which registeredCommon Stock,par value 1-

4、2/3 cents per sharePEPThe Nasdaq Stock Market LLC2.625%Senior Notes Due 2026PEP26The Nasdaq Stock Market LLC0.750%Senior Notes Due 2027PEP27The Nasdaq Stock Market LLC0.875%Senior Notes Due 2028PEP28The Nasdaq Stock Market LLC0.500%Senior Notes Due 2028PEP28AThe Nasdaq Stock Market LLC3.200%Senior N

5、otes Due 2029PEP29The Nasdaq Stock Market LLC1.125%Senior Notes Due 2031PEP31The Nasdaq Stock Market LLC0.400%Senior Notes Due 2032PEP32The Nasdaq Stock Market LLC0.750%Senior Notes Due 2033PEP33The Nasdaq Stock Market LLC3.550%Senior Notes Due 2034PEP34The Nasdaq Stock Market LLC3.450%Senior Notes

6、Due 2037PEP37The Nasdaq Stock Market LLC0.875%Senior Notes Due 2039PEP39The Nasdaq Stock Market LLC1.050%Senior Notes Due 2050PEP50The Nasdaq Stock Market LLC4.050%Senior Notes Due 2055PEP55The Nasdaq Stock Market LLCSecurities registered pursuant to Section 12(g)of the Securities Exchange Act of 19

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1. **公司概况**:百事公司(PepsiCo, Inc.)是全球领先的饮料和方便食品公司,业务覆盖200多个国家,拥有Lay's、Gatorade、Pepsi-Cola等知名品牌。 2. **业务结构**:分为六大报告部门,包括北美食品(PFNA)、北美饮料(PBNA)、国际饮料特许经营(IB Franchise)、欧洲中东非洲(EMEA)、拉丁美洲食品(LatAm Foods)和亚太食品。 3. **分销网络**:主要通过直接送货(DSD)、客户仓库和第三方分销商,以及电子商务平台销售产品。 4. **财务数据**:截至2025年6月13日,非关联股东持有的百事公司普通股总市值达1790亿美元;截至2026年1月23日,普通股流通股数为13.67亿股。 5. **风险因素**:面临需求下降、品牌声誉损害、产品召回风险及激烈竞争等挑战,尤其在消费者偏好变化和监管压力下。
**品牌竞争力如何?** **产品风险有哪些?** **消费者偏好变化?**
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