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,
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.
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.
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