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 (PEP) delivers a dynamic mix of beverages, snacks, and convenience foods across 200+ countries. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the global food & beverage sector.
Access official press releases, earnings call transcripts, and analysis of key business moves – from product innovations to sustainability commitments. Our curated collection covers PEP's operational milestones across its beverage divisions (Pepsi, Gatorade) and Frito-Lay snack portfolio, alongside partnerships impacting the consumer packaged goods (CPG) landscape.
Bookmark this page for centralized access to PEP's latest:
• Quarterly earnings reports and dividend announcements
• New product launches and brand expansions
• Supply chain advancements and manufacturing updates
• ESG initiatives and leadership changes
Stay ahead of market trends with verified information directly from PepsiCo and trusted financial sources. Regularly updated to reflect the most impactful developments influencing PEP's position in the $800B+ global snack and beverage industry.
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.
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.
