PepsiCo books $192M restructuring charge and plans more structural cost cuts

PepsiCo recorded $192 million of restructuring and impairment charges in the third quarter under its multi-year productivity plan, which runs through 2030. Management said additional structural cost reduction actions are being identified and will be implemented in the coming months, without quantifying future charges or savings. The cost program is positioned as the funding source for growth investments.

• $192M restructuring and impairment charges in Q3 at the operating profit level
• Productivity plan runs through 2030
• Additional structural cost actions to be implemented in coming months; not yet quantified