PepsiCo, the global food and beverage manufacturer, delivered a solid performance in the third quarter of 2025. For the twelve weeks ending in September, net sales rose by 2.6% to approximately £18 billion.
Despite this growth, the company saw mixed volume trends — convenient food volumes declined by 1%, while beverage volumes increased by 1.5% across Europe, the Middle East, and Africa. Net income for the quarter fell year-on-year to around £1.96 billion.
Looking ahead, PepsiCo anticipates a low single-digit increase in organic revenue for the full year, while financial headwinds of approximately 0.5% are expected to weigh on total net revenue.
PepsiCo’s chairman and chief executive Ramon Laguarta said: “Our reported net revenue growth accelerated and reflects the resilience of our international business, improved momentum within North America Beverages and the benefits of our portfolio reshaping actions.
“As we look ahead to the balance of this year and beyond, our top priorities are to accelerate growth and aggressively optimise our cost structure.
“To accomplish this, we are introducing a strong pipeline of innovation to accelerate portfolio transformation, continuously sharpening our price pack architecture to provide good value to consumers, and right-sizing our entire cost base to help fund our activities.”
The FMCG company also named Steve Schmitt as its new Chief Financial Officer, effective 10 November. Schmitt joins PepsiCo after holding several executive positions at Walmart.
“Steve’s experience working with complex supply chains, adapting to the dynamic retail landscape and omnichannel consumers, and delivering operational excellence on a large scale will be impactful at PepsiCo,” said Laguarta.
“He will play a crucial role as we accelerate growth, optimise our cost structure, and create greater value for our shareholders.”
