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,
Doritos has launched 'Doritos After Dark,' a ghost kitchen menu offering late-night bites in select cities from December 16-21, 2022. This initiative aims to satisfy cravings during evening hours, as 43% of consumers prefer snacking after dark. The menu, developed in partnership with PepsiCo Foodservice Digital Lab and Popchew, features global-inspired dishes like Flamin' Hot Corn Puppies and Spicy Sweet Chili Chicken Bites. A pop-up event in Los Angeles on December 21 will provide an exclusive tasting experience. Delivery is available through various platforms, including DoorDash and Uber Eats.
Doritos invites fans to participate in the #NameThatTriangle social contest, inspired by Von Miller's triangle haircut. Running through January 15, participants can submit photos or videos showcasing their own triangular hairstyles for a chance to win Super Bowl LVII tickets, autographed helmets, and other prizes. The campaign emphasizes self-expression, with weekly winners announced. Additionally, Doritos will host Von's Chips (and Clips) tailgate event on December 11, offering fans the chance to get their haircuts styled on-site while enjoying free snacks and entertainment.
PepsiCo (NASDAQ: PEP) announced the timing for its fourth quarter and full-year 2022 financial results, set to be released on February 9, 2023. The press release will be available on the company's investor website at www.pepsico.com/investors. Key events on that day include a press release at 6:00 a.m. EST and management remarks at 6:30 a.m. EST, followed by a live Q&A session with management at 8:15 a.m. EST. PepsiCo reported over $79 billion in net revenue for 2021, focusing on sustainable growth through its pep+ initiative.
The Frito-Lay U.S. Snack Index reveals consumer preferences for holiday snacks, highlighting that over 70% favor snacks with a crunch. The survey identifies key factors: sweetness (66%), saltiness (61%), and nostalgia (49%). Generational differences are noted, with Gen Z favoring delivery and late-night snacks, while millennials prefer grocery visits. Holiday snacking trends suggest 65% of adults treat themselves, with 55% involving sensory experiences. New limited-time products include Lay's Clusters and Cheetos Snowflakes, aiming to engage consumers through innovative recipes.
On December 5, 2022, PepsiCo announced an ambitious goal to double the percentage of beverage servings delivered through reusable models from 10% to 20% by 2030. This initiative is part of the company's sustainability strategy, PepsiCo Positive (pep+). The plan includes expanding its SodaStream business and increasing refillable offerings in partnership with bottlers. PepsiCo aims to eliminate over 200 billion plastic bottles by 2030 and reduce virgin plastic usage by 50% by 2030. The company continues to collaborate on infrastructure to support these reusable models.
Frito-Lay North America recently announced a $600,000 contribution to the U.S. Soccer Foundation's "All-In with Frito-Lay" initiative. This three-year commitment aims to enhance resources and training for over 30,000 young athletes, promoting equity in soccer. More than 1,000 coaches will be trained to support youth development. The initiative aligns with Frito-Lay's broader $1 million pledge to charitable organizations, fostering mentoring relationships that empower young players.
SunChips, a brand under Frito-Lay, has launched the second year of its 'Art Seen' campaign in Miami, promoting visibility for diverse artists. The initiative aims to address the underrepresentation of women and people of color in the art world, where only 15% of permanent collections feature their work. During the event from November 30 to December 2, attendees can vote for their favorite artists, with the top three receiving commissions for exclusive artwork on SunChips packaging. A digital gallery will also be available from November 30 to December 18.
The Women's Sports Foundation (WSF) has announced its 2022 grant recipients for the Sports 4 Life program, co-founded with espnW and supported by Gatorade. A total of $280,000 has been awarded to 40 organizations across 23 states, benefiting nearly 6,000 girls. Since its inception in 2014, the program has funded 203 organizations, distributing $2 million to support 75,000 girls in sports. This initiative aims to enhance participation among Black, Hispanic, and Native American girls, addressing barriers and promoting leadership and self-esteem.
PepsiCo has declared a quarterly dividend of $1.15 per share, marking a 7% increase compared to last year. This aligns with the company’s annual dividend hike to $4.60 per share, effective from June 2022. The dividend is scheduled for payment on January 6, 2023, to shareholders recorded by December 2, 2022. PepsiCo continues its history of dividend payments since 1965, achieving its 50th consecutive annual increase in 2022.
Frito-Lay's Doritos brand is launching DORITOS® Dips in Spicy Nacho and Cool Ranch Jalapeno flavors, emphasizing 'Big Dip Energy.' This innovative product aims to enhance dining experiences by pairing perfectly with various foods. Promoted by actress Keke Palmer, the dips are designed to disrupt traditional condiment choices. Fans can participate in a social media giveaway to win kits featuring the new dips. The dips will be available at retailers nationwide and online through Snacks.com starting this month.
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