PepsiCo, Inc. (PEP) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.115 Good morning and welcome to PepsiCo's 2025 fourth quarter earnings question and answer 00:00:04.115 -- 00:00:08.240 session. Your lines have been placed on listen only until it's your turn to ask a question. 00:00:08.240 -- 00:00:12.582 Today's call is being recorded and will be archived at www.pepsico.com. 00:00:12.825 -- 00:00:16.268 It is now my pleasure to introduce Mr. Ravi Pamnani, Senior Vice President of Investor 00:00:16.268 -- 00:00:18.871 Relations. Mr. Pamnani, you may begin. 00:00:18.871 -- 00:00:20.493 Thank you, Kevin, and good morning, everyone. 00:00:20.493 -- 00:00:24.157 I hope everyone has had a chance this morning to review our press release and prepared 00:00:24.157 -- 00:00:27.605 remarks, both of which are available on our website. 00:00:27.605 -- 00:00:30.889 Before we begin, please take note of our cautionary statement. 00:00:30.889 -- 00:00:35.275 We may make forward-looking statements on today's call, including about our business 00:00:35.275 -- 00:00:39.841 plans, guidance, and outlook. Forward-looking statements inherently involve risks and 00:00:39.841 -- 00:00:45.829 uncertainties and only reflect our view as of today, February 3rd, 2026, 00:00:45.829 -- 00:00:51.396 and we are under no obligation to update. When discussing our results, we refer to non-GAAP 00:00:51.396 -- 00:00:55.567 measures, which exclude certain items from reported results. 00:00:55.567 -- 00:01:01.235 please refer to our fourth quarter 2025 earnings release and 2025 Form 10-K, 00:01:01.235 -- 00:01:03.338 available on pepsico.com, 00:01:03.338 -- 00:01:08.725 for definitions and reconciliations of non-GAAP measures and additional information regarding 00:01:08.725 -- 00:01:14.132 our results, including a discussion of factors t...