Venezuela Intervention Fuels Company Warnings Over Bottom Lines

Companies are warning political uncertainty in Venezuela could impact revenue or operations following recent US military intervention in the country.

PepsiCo Inc. and Mondelez International Inc. are among a half-dozen S&P 500 companies and a handful of smaller public companies that have listed instability in Venezuela as a risk factor in annual financial reports since Jan. 3, when the US launched a military strike and captured the country’s president. Most of the warnings have come in reports filed the past week.

Venezuela tensions are the latest addition to a litany of concerns—including sweeping global tariffs, immigration, and multiple wars—the corporate ...