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,
Gatorade has launched Gatorade Hydration Booster, a new electrolyte drink mix designed for everyday hydration. This product features an advanced blend of electrolytes from watermelon juice, sea salt, sodium citrate, and potassium salt. It contains 100% daily value of essential vitamins A, B3, B5, B6, and C, with no artificial flavors, sweeteners, or added colors.
The product is available in three flavors: Strawberry Watermelon, Tropical Mango, and Citrus Berry, priced at $8.99 for a box of six packets. Gatorade is promoting the product through a campaign called 'Put Your Water to Work,' which will be featured across multiple platforms starting September 17, 2024. The company is also expanding its reach to lifestyle and wellness spaces through various partnerships and marketing strategies.
Rold Gold, the Official Pretzel Sponsor of the NFL, has launched a sweepstakes offering fans a chance to win prizes during the football season. The grand prize includes a $1,000 grocery store shopping spree with former NFL star Jerry Rice. Weekly prizes of NFLShop.com e-gift cards are also available. The contest runs through December 7, 2024.
Additionally, Rold Gold has introduced -edition NFL Team Bags for select teams, available in 16 oz Tiny Twist packages in the Northeast. This initiative aims to enhance football fandom and celebrate gameday snacking traditions. Rold Gold, with over 100 years of pretzel-making experience, continues to offer high-quality, versatile snacks suitable for various occasions.
Smartfood Popcorn launches its 'Flavor You Can Feel Good About' campaign, featuring rap icon Flavor Flav as the Flavor Genie. The campaign highlights Smartfood's lineup of air-popped popcorn with non-artificial flavors and less than 100 calories per cup. Flavor Flav swaps his iconic clock necklace for an oversized popcorn kernel called the Pop Clock.
The campaign includes an online video starring Flavor Flav and a social media contest where fans can win a replica of the Pop Clock. Smartfood offers five flavor variations: White Cheddar, Movie Theater Butter, Sweet & Salty Kettle Corn, Doritos Nacho Cheese, and Flamin' Hot White Cheddar. The brand aims to provide delicious snacking options that consumers can feel good about, balancing light texture with bold flavors.
Gatorade, the leading sports drink brand, is expanding its presence in football with a new campaign and athlete roster. The brand has signed NFL stars Lamar Jackson, Justin Jefferson, and Puka Nacua, along with Diana Flores, the first flag football athlete to join Gatorade. The company is also collaborating with fashion designer Kristin Juszczyk on a -edition drop celebrating inclusivity in football.
As part of its Equity in Sports initiative, Gatorade is investing over $600,000 to provide young athletes, especially female flag football players, with more access to sports. The brand's new campaign, 'You Know We Got 'IT'', features a film narrated by Lamar Jackson, showcasing various elite athletes from Gatorade's football roster.
PepsiCo (NASDAQ: PEP) has announced the timing for the release of its third-quarter 2024 financial results. The company will post its earnings report and related information on Tuesday, October 8, 2024, on its official website. The schedule includes:
- Press release and 10-Q at approximately 6:00 a.m. EDT
- Prepared management remarks (PDF format) at about 6:30 a.m. EDT
- Live Q&A session for analysts with CEO Ramon Laguarta and CFO Jamie Caulfield at 8:15 a.m. EDT
This announcement provides investors and analysts with a clear timeline for accessing PepsiCo's latest financial performance data and insights from top executives.
PepsiCo (PEP) has launched 'Taste of Tomorrow', a $350,000 initiative to increase Black representation in STEM careers, focusing on food science and technology at Historically Black Colleges and Universities (HBCUs). The program includes:
1. $250,000 in scholarships for STEM students across 9 HBCUs for the 2025 school year.
2. $100,000 for STEM resources at Florida A&M University and Prairie View A&M University.
3. R&D educational workshops and on-campus culinary innovations by Pepsi Zero Sugar and Doritos.
The initiative aims to address the underrepresentation of Black professionals in STEM, who currently make up only 9% of the workforce. PepsiCo is partnering with rapper and HBCU alum 2 Chainz to promote the program and inspire students.
Jack Link's and Frito-Lay have launched a campaign called 'Meat Your Inner Flavor' targeting Gen Z job seekers. The promotion encourages young professionals to embrace their unique personalities by creating flavor-fied headshots using 'Flavor Filters' on meatyourinnerflavor.com. Participants can enter for a chance to win $5,000 and experiences inspired by bold careers like lead guitarist, stallion trainer, or race car driver.
The campaign, running through September 15, 2024, ties into the brands' new video series showcasing their collaborative snack line, including Jack Link's Flamin' Hot, Fritos Chili Cheese, and Doritos Spicy Sweet Chili flavored meat snacks. Winners will receive a gift card for an experience, cash, and office snacks featuring the new product line.
PepsiCo Juntos Crecemos launched the third year of its Jefa-Owned campaign on National Latina Day, celebrating Latina small business owners. The campaign introduces a national 'Jefa Hour' movement from 4-6 p.m. local time on August 23, encouraging people to dine at Latina-owned restaurants. Actress Stephanie Beatriz and the United States Hispanic Chamber of Commerce join as partners.
Key initiatives include:
- A $200,000 grant program for 20 women entrepreneurs in food and beverage
- Business Health Accelerator and Boost Camp for grant recipients
- Access to PepsiCo's Hispanic Digital & Delivery Program
- Jefa Empowerment Sessions in New York, Los Angeles, Miami, and Chicago
The campaign aims to provide resources, enhance visibility, and build community for Latina entrepreneurs, particularly in restaurants, bodegas, and carnicerías.
DORITOS® is making history with its minis COOL RANCH® Zero Gravity Flavored Tortilla Chips, the brand's first-ever space chip. Specially formulated to maintain flavor in zero gravity, these chips are part of a partnership with St. Jude Children's Research Hospital® and the Polaris Dawn mission. The initiative aims to raise awareness and funds for childhood cancer research and treatment.
Doritos is donating $500,000 to St. Jude and encouraging fans to donate at StJude.org/DoritosInSpace for a chance to try the -edition chips in glow-in-the-dark packaging. The space mission is set to launch no earlier than August 26. While the space-specific chips are , fans can still enjoy the classic DORITOS® minis COOL RANCH® Flavored Tortilla Chips available nationwide.
Lay's, America's favorite potato chip brand, is introducing a new Global Flavors lineup featuring three -time flavors inspired by international cuisines. The new offerings include Lay's Wavy Tzatziki (Greece), Lay's Masala (India), and Lay's Honey Butter (Korea). These flavors aim to provide consumers with a culinary voyage without leaving the country.
To promote the new lineup, Lay's is offering fans the chance to win a trip to one of the flavor origin countries. Consumers can enter the contest between August 12 and September 28 by scanning a QR code on the product packaging or visiting laysflavordrop.com. The new flavors are available at retailers nationwide and on Snacks.com for a time.
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