Welcome to our dedicated page for PepsiCo news (Ticker: PEP), a resource for investors and traders seeking the latest updates and insights on PepsiCo stock.
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 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.
Cracker Jack® is launching the I Am Cracker Jill Award to support nine young female athletes by providing each with
On March 31, PepsiCo celebrates National Jefa Day by covering the tab for the first 200 customers dining at select Latina-owned businesses nationwide. This initiative is part of the Jefa-Owned campaign, now in its second year, aimed at supporting Latina entrepreneurs through resources and visibility. The event kicks off with a brunch hosted by celebrity chef Lorena Garcia at Qusqo Bistro in Los Angeles. PepsiCo’s Juntos Crecemos initiative also includes the opening of applications for the IMPACTO Hispanic Business Accelerator in summer 2023. Notably, Latina-owned businesses have seen rapid growth, constituting the fastest-growing entrepreneurial segment in the U.S.
Doritos is launching its exclusive After Dark event at SXSW on March 16, 2023 in Austin.
The event, held at Billboard House, features a sample of Doritos' ghost kitchen menu, including BBQ Pulled Pork Nachos and Flamin' Hot Limon Margarita Cheesecake. DJ Pee .Wee, the alter ego of Anderson .Paak, will entertain attendees. Fans can win tickets starting March 10 via a dedicated website or by visiting the 'Taste The Night' Tunnel. Doritos is also sponsoring THE STAGE at SXSW, allowing festival-goers to sample new dips. The event highlights Doritos' connection to pop culture and aims to provide an immersive late-night dining experience.
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