PepsiCo Reports Results and Appoints New CFO
Summary
PepsiCo, Inc. reported its third-quarter 2025 financial results (via Ex. 99.1 press release), with reported net revenue performance of 2.6% and EPS of $1.90. Organic revenue performance was 1.3% and Core EPS was $2.29. Concurrently, on October 7, 2025, the Board appointed Stephen ("Steve") Schmitt, 52, as Executive Vice President and Chief Financial Officer, effective November 10, 2025. His compensation includes an annual base salary of $900,000, an annual incentive target of 150% of base salary, and a sign-on bonus totaling $3,500,000. Mr. Schmitt previously served as Executive Vice President and Chief Financial Officer for Walmart U.S.
Why It Matters
The appointment of Stephen Schmitt as the new Executive Vice President and CFO signals a significant leadership change, bringing experience from Walmart U.S. and Yum! Brands. This, coupled with the reported third-quarter 2025 financial results, provides investors with key updates on both strategic leadership and operational performance, including net revenue growth and EPS figures.
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Key Quote
“On October 7, 2025, the Board of Directors (the "Board") of PepsiCo appointed Stephen ("Steve") Schmitt, 52, as PepsiCo's Executive Vice President and Chief Financial Officer, effective November 10, 2025 (the "Effective Date").”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000077476
- Filing Date
- Thursday, October 9, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral