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's Lay's brand has launched a new campaign featuring Lionel Messi in a commercial titled "Messi Visits," promoting their partnership with the UEFA Champions League. The campaign emphasizes the slogan "No Lay's, No Game" and includes limited-edition packaging featuring Messi and other football stars. The special bags are available in the U.S., South Africa, Poland, and more through June 2023. The TV advertisement humorously depicts Messi searching for Lay's at a Champions League party. PepsiCo's Vice-President of Marketing, Ciara Dilley, highlights the significant role of Lay's in enhancing fans' football experiences.
PepsiCo, Inc. (NASDAQ: PEP) will release its first quarter 2023 financial results on April 25, 2023. The announcement includes details such as posting materials at 6:00 a.m. EDT and management remarks available at 6:30 a.m. EDT. A live Q&A session will occur at 8:15 a.m. EDT, featuring CEO Ramon Laguarta and Vice Chairman Hugh Johnston. In 2022, PepsiCo generated over $86 billion in net revenue, driven by a diverse portfolio of popular brands like Lay's and Gatorade. The company aims to be a global leader in beverages and convenient foods through its pep+ sustainability initiative.
The PepsiCo Foundation, in collaboration with Doritos SOLID BLACK, has selected 16 Black nonprofit leaders for the 2023 Black Changemakers program. Each leader will receive a $50,000 grant along with leadership development training from Indiana University's Lilly Family School of Philanthropy. This initiative aims to address the underrepresentation of Black-led organizations, which generate 24% less revenue than their white counterparts. The program provides support in fundraising, leadership, and community impact, empowering participants to drive transformative change in their communities.
NBA legend Charles Barkley joins the Ruffles Chip Deal roster alongside LeBron James, Jayson Tatum, and A'ja Wilson in a new campaign. Ruffles introduces Hot Dog-flavored chips during NBA All-Star Weekend, celebrating Barkley as an honorary Chip Deal Athlete. The campaign promotes individual style and flavor through a new TV commercial, showcasing Barkley selecting flavors from a vending machine. Additionally, Ruffles is transforming a Salt Lake City restaurant for fans to enjoy Ruffles-inspired items on February 18 and will contribute to cancer research via the Ruffles 4-point Ridge Line during the All-Star Celebrity Game on February 17.
PepsiCo (NASDAQ: PEP) announced that Ramon Laguarta, CEO, and Hugh Johnston, CFO, will present at the Consumer Analyst Group of New York (CAGNY) Conference. This event will take place on February 22, 2023, at approximately 10:00 a.m. ET in Boca Raton, Florida. A live audio webcast and replay will be available on www.pepsico.com under the "Investors" section.
In 2022, PepsiCo generated over $86 billion in net revenue, driven by its diverse portfolio including brands like Lay's and Gatorade. The company aims to be a leader in beverages and convenient foods through its sustainability initiative, pep+.
On February 9, 2023, GENYOUth announced the completion of its Mission 57: End Student Hunger initiative, providing Grab and Go meal equipment to the Phoenix Union High School District. Supported by Frito-Lay, Quaker, and the PepsiCo Foundation, this initiative aims to combat food insecurity among students in Arizona. The program has delivered meal equipment to 22 schools and will allow access to over 8.5 million meals for approximately 31,000 students. With one in five children in Arizona facing food insecurity, Mission 57 represents a significant effort to enhance meal participation and combat hunger in schools.
Doritos, returning to the Super Bowl, features Jack Harlow, Elton John, and Missy Elliott in a creative advertisement emphasizing originality. The commercial, titled "Jack's New Angle," showcases Harlow struggling with his music until inspired by Doritos Sweet & Tangy BBQ. In addition, the brand launched a successful TikTok challenge, #DoritosTriangleTryout, leading to over one million video submissions. Doritos is set to engage fans in the Metaverse with unique digital experiences and prizes worth $20,000. The Super Bowl ad will air on February 12, and Frito-Lay's PopCorners will also debut a commercial during the event.
PopCorners, a snack brand under Frito-Lay North America, has announced its debut Super Bowl commercial, featuring a reimagining of the iconic show "Breaking Bad." This ad showcases the brand's air-popped, never fried popcorn snacks in seven flavors. The commercial will air during Super Bowl LVII, featuring original cast members Bryan Cranston, Aaron Paul, and Raymond Cruz, alongside the show's creator, Vince Gilligan. The campaign, titled "Breaking Good," aims to resonate with fans of the series while promoting the wholesome snack. This innovative marketing strategy reflects PopCorners' growth and increased visibility in the competitive snack market.
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