PepsiCo, Inc. (PEP) Q3 2025 Earnings Call

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WEBVTT 00:00:00.166 -- 00:00:03.990 Good morning and welcome to PepsiCo's third quarter 2025 earnings question and answer 00:00:03.990 -- 00:00:08.014 session. Your lines have been placed on listen only until it's your turn to ask a question. 00:00:08.014 -- 00:00:12.397 Today's call is being recorded and will be archived at www.pepsico.com. 00:00:12.739 -- 00:00:16.083 It is now my pleasure to introduce Mr. Ravi Pamnani, Senior Vice President, Investor 00:00:16.083 -- 00:00:18.565 Relations. Mr. Pamnani, you may begin. 00:00:18.565 -- 00:00:20.948 Thank you, Operator, and good morning, everyone. 00:00:20.948 -- 00:00:24.752 I hope everyone has had the chance this morning to review our press release and prepared 00:00:24.752 -- 00:00:28.550 remarks, both of which are available on our website. 00:00:28.550 -- 00:00:32.234 Before we begin, please take note of our cautionary statement. 00:00:32.234 -- 00:00:36.779 We may make forward-looking statements on today's call, including about our business 00:00:36.779 -- 00:00:39.782 plans, guidance, and outlook. 00:00:39.782 -- 00:00:44.147 Forward-looking statements inherently involve risks and uncertainties and only reflect 00:00:44.147 -- 00:00:49.653 our view as of today, October 9, 2025, and we are under no obligation 00:00:49.653 -- 00:00:51.274 to update. 00:00:51.274 -- 00:00:56.380 When discussing our results, we refer to non-GAAP measures, which exclude certain items 00:00:56.380 -- 00:00:58.807 from reported results. 00:00:58.807 -- 00:01:04.415 please refer to our third quarter 2025 earnings release and third quarter 2025 00:01:04.415 -- 00:01:08.700 Form 10Q, available on pepsico.com 00:01:08.700 -- 00:01:14.088 for definitions and reconciliations of non-GAAP measures and additional information regarding 00:01:14....