HIGHOutside partySupplier
sole supplier raw materials
“10-K Item 1A: 'Some raw materials and supplies, including packaging materials, are available only from a limited number of suppliers or from a sole supplier'”
PEP · Concentration risk · 10-K extracted
Pepsico (PEP) concentration risks
Updated
The most significant concentration Pepsico discloses is sole supplier raw materials, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Pepsico’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
14%
Walmart
“10-K Item 1: 'sales to Walmart Inc. (Walmart) and its affiliates, including Sam's Club (Sam's), represented approximately 14% of our consolidated net revenue'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is anchored by a high-share supply dependency and a low-share customer exposure that are distinct in character. On the input side, some raw materials and packaging materials are available only from a limited number of suppliers or from a sole supplier — a high-share supply concentration where the dependency is structural: certain inputs simply do not have readily available alternatives. A disruption to a sole-source supplier of a critical packaging or ingredient material could constrain production across product lines and compress margins, particularly given the company's global manufacturing scale. On the customer side, sales to Walmart Inc. and its affiliates, including Sam's Club, represented approximately 14% of consolidated net revenue. This is a low-share disclosed exposure; Walmart's scale makes it a meaningful buyer, but at that revenue share, no single contract renewal or volume adjustment would materially alter the consolidated top line in isolation. The relationship is dependency in character — large-format retail buyers have negotiating leverage over pricing and promotional terms — but the revenue share keeps the idiosyncratic risk contained. Together, the profile is weighted toward the supply side as the more material concentration. There is no disclosed product-line or geographic concentration layered on top. The main monitoring variables are procurement disruptions for sole-sourced inputs, which could affect margins at a much larger scale than any single customer.
For the engine’s reasoning on PEP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Beverages - Non-Alcoholic
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| COCO | The Vita Coco Company, Inc. | 3 | 1 | 0 | 4 |
| FIZZ | National Beverage Corp. | 1 | 1 | 0 | 2 |
| COKE | Coca-Cola Consolidated, Inc. | 1 | 0 | 2 | 3 |
| PEP● | Pepsico, Inc. | 1 | 0 | 1 | 2 |
| CELH | Celsius Holdings, Inc. | 0 | 1 | 0 | 1 |
| KDP | Keurig Dr Pepper Inc. | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.