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PepsiCo, Inc. (NASDAQ: PEP) is a leading American multinational food, snack, and beverage corporation, headquartered in Purchase, New York. Renowned for its comprehensive portfolio, PepsiCo oversees the manufacturing, distribution, and marketing of a wide array of products that include globally recognized brands like Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos. Holding a dominant position in the global savory snacks market, PepsiCo also ranks as the second-largest beverage provider worldwide, following Coca-Cola.
PepsiCo's extensive product range caters to diverse consumer tastes and preferences, from carbonated soft drinks and water to sports and energy drinks. Approximately 55% of PepsiCo's total revenue is generated from convenience foods, with beverages contributing the remaining share. The company owns a significant portion of its manufacturing and distribution capacity both domestically and internationally, with international markets accounting for 40% of total sales and one-third of operating profits.
Recent Achievements and Initiatives:
- Lay's®, Sabritas®, Gamesa®, and Rockstar® Energy Drink announced a multi-year sponsorship of the Leagues Cup, featuring all 47 clubs from Major League Soccer (MLS) and LIGA MX. This partnership enhances soccer fans' experiences with special packaging, in-stadium events, and sweepstakes.
- Gatorade became the official sports drink partner of Wrexham Association Football Club, furthering its commitment to supporting athletes with science-backed products.
- Rockstar Energy Drink concluded its national music contest,
PepsiCo, Inc. (NASDAQ: PEP) will hold its annual shareholders' meeting virtually on May 3, 2023, at 9 a.m. EDT. Shareholders who held shares as of the record date, March 1, 2023, can participate and vote using a 16-digit control number found in their proxy materials. The meeting will be accessible via this link or through PepsiCo’s website. In 2022, PepsiCo reported over $86 billion in net revenue, driven by a diverse portfolio including well-known brands like Lay's and Gatorade. The company aims to be a leader in sustainable food and beverage solutions under its pep+ initiative, focusing on long-term growth and positive change.
Lay's has launched its first Lay's RePlay soccer field in the U.S. at Cesar Chavez Campesino Park in Santa Ana, California, on April 19, 2023. This initiative is part of the global Lay's RePlay program aimed at creating sustainable soccer fields from disposed Lay's chip bags, with the goal of promoting access to soccer for underserved communities. The field will be made from recycled materials and designed for a 10-year lifespan. Soccer legends Mia Hamm and Javier 'Chicharito' Hernández endorsed the project, highlighting its significance for the Hispanic community, which has been heavily impacted by the COVID-19 pandemic. This new field is the sixth globally and builds on previous efforts by Lay's and the UEFA Foundation for Children, positively impacting over 25,000 uses across multiple countries. PepsiCo, the parent company of Lay's, reported over $86 billion in revenue in 2022.
Frito-Lay North America has made a significant advancement by completing its first-ever third-party shipment using an electric vehicle in partnership with Schneider National. This milestone shipment aims to reduce the company’s Scope 3 emissions, aligning with its goal of achieving net-zero emissions by 2040. The collaboration is expected to reduce emissions by over 70% compared to diesel trucks, equating to eliminating over 180,000 miles driven by gasoline vehicles. The initial routes will be in Southern California, utilizing Schneider's Freightliner eCascadia electric trucks. This initiative is part of Frito-Lay's broader strategy to enhance sustainability in its supply chain, emphasizing the importance of partnerships in achieving environmental goals.
PepsiCo (NASDAQ: PEP) announced on April 12, 2023, that Ronald Schellekens, the Executive Vice President and Chief Human Resources Officer, will retire at the end of the year. Becky Schmitt, formerly with Cognizant, will succeed him as CHRO starting October 1, 2023. With nearly 30 years of HR leadership experience, Schmitt has held executive roles at Walmart and Accenture. Ramon Laguarta, Chairman and CEO, praised Schellekens' contributions to fostering a human-centric organization and enhancing PepsiCo's culture. The company generated over $86 billion in net revenue in 2022, driven by a strong portfolio of popular brands including Lay's, Gatorade, and Pepsi-Cola. PepsiCo's vision focuses on sustainability and human capital through its pep+ strategy.
GENYOUth announced that the Taste of the NFL event raised $1.8 million, benefiting 700 schools and providing 100 million meals to 385,000 students aiming to improve nutrition security. Held on February 11, 2023, in Phoenix, Arizona, the event featured over 30 chefs and NFL legends, emphasizing community engagement against student hunger.
Frito-Lay, Quaker, and the PepsiCo Foundation were prominent sponsors, contributing to GENYOUth's Mission 57 initiative, which will distribute 8.5 million meals across 57 schools and promote physical activity.
SFC announces Fritos as the presenting sponsor for The Catch, a new made-for-TV fishing competition featuring NFL stars and top anglers. Scheduled for April 15, 2023, the event will be broadcast live on CBS from 1-3 p.m. ET off Miami Beach. Participating NFL players include Justin Herbert, Tyreek Hill, A.J. Brown, and Dalvin Cook, teaming up with SFC's champion anglers. The Catch will highlight the Coast Guard Foundation's efforts to support U.S. Coast Guard members and families, using a catch-and-release scoring system. The event includes additional festivities, with a Pro-Am competition benefiting community non-profits. The SFC's 2023 season begins with coverage of the Billfish Championship starting April 27.
PepsiCo has launched the Greenhouse Accelerator Program: Juntos Crecemos Edition, aimed at supporting Hispanic-owned food and beverage startups. Announced on April 10, 2023, this program offers a $20,000 grant and a six-month mentorship to ten selected businesses. This initiative is part of PepsiCo's broader $50 million commitment to aid diverse suppliers through its Racial Equality Journey.
The selected startups will tackle various business challenges with guidance from PepsiCo mentors, culminating in a virtual presentation of their progress in August. An additional $100,000 will be awarded in November to the most promising business, aiding further expansion.
PepsiCo aims to foster innovation and collaboration within the Hispanic food and beverage industry, reinforcing its commitment to uplifting diverse entrepreneurs.
On April 4, 2023, Frito-Lay and Quaker launched a Greenhouse Learning Center at their R&D headquarters in Plano, Texas, aimed at accelerating the development of sustainable packaging. This innovative facility will field test and analyze compostable packaging to meet PepsiCo's pep+ goal of 100% recyclable, compostable, biodegradable, or reusable packaging by 2025. The center will significantly expedite the certification process for new packaging, moving products to market faster. The initiative underscores PepsiCo's commitment to sustainability and aims to set new industry standards while reducing greenhouse gas emissions from packaging.
The collaboration between Jack Link's and Frito-Lay introduces new beef jerky and meat sticks in Doritos® Spicy Sweet Chili and Flamin' Hot® flavors. This initiative, coupled with the #FlavorRevealContest on TikTok, invites consumers to engage with the brands and win prizes including a custom gaming system and $10,000 in cash. The new products are available for purchase online and at various retailers. This partnership aims to elevate the snacking experience by combining iconic flavors from both brands, appealing to fans of meat snacks and bold flavors alike.
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