PepsiCo (PEP) risk factors: FY2025 10-K

1. Reduction in future demand for our products would adversely affect our business.
2. Damage to our reputation or brand image can adversely affect our business.
3. Product recalls or other issues or concerns with respect to product quality and safety can adversely affect our business.
4. Any inability to compete effectively can adversely affect our business.
5. Failure to attract, develop and maintain a highly skilled workforce or effectively manage changes in our workforce can have an adverse effect on our business.
6. Water scarcity can adversely affect our business.
7. Changes in the retail landscape or in sales to any key customer can adversely affect our business.
8. Disruption of our manufacturing operations or supply chain, including increased commodity, packaging, transportation, labor and other input costs, can adversely affect our business.
9. Political, social and geopolitical conditions can adversely affect our business.
10. Our business can be adversely affected if we are unable to grow in developing and emerging markets.
11. Changes in economic conditions can adversely impact our business.
12. Future cyber incidents and other disruptions to our information systems can adversely affect our business.Cybersecurity
13. Failure to successfully complete or manage strategic transactions can adversely affect our business.
14. Our reliance on third-party service providers and enterprise-wide systems can have an adverse effect on our business.
15. Climate change or measures to address climate change and other sustainability matters can negatively affect our business or damage our reputation.
16. Strikes or work stoppages can cause our business to suffer.

Read these in Item 1A · See the changes

1. Failure to realize benefits from our productivity initiatives or organizational restructurings can adversely affect our financial performance.
2. A deterioration in our estimates and underlying assumptions regarding the future performance of our business or investments can result in impairment charges that adversely affect our results of operations.
3. Fluctuations in exchange rates impact our financial performance.
4. Our borrowing costs and access to capital and credit markets can be adversely affected by a downgrade or potential downgrade of our credit ratings.

Read these in Item 1A · See the changes

1. Taxes aimed at our products can adversely affect our business or financial performance.
2. Limitations on the marketing or sale of our products can adversely affect our business and financial performance.
3. Laws and regulations related to the use or disposal of plastics or other packaging materials can adversely affect our business and financial performance.
4. Failure to comply with personal data protection and privacy laws can adversely affect our business.
5. Increases in income tax rates, changes in income tax laws or disagreements with tax authorities can adversely affect our financial performance.
6. If we are unable to adequately protect our intellectual property rights, or if we are found to infringe on the intellectual property rights of others, our business can be adversely affected.
7. Failure to comply with laws and regulations applicable to our business can adversely affect our business.
8. Potential liabilities and costs from litigation, claims, legal or regulatory proceedings, inquiries or investigations can have an adverse impact on our business.

Read these in Item 1A · See the changes