PepsiCo, Inc. - PEP STOCK NEWS

ADM and PepsiCo have entered a remarkable 7.5-year partnership to promote regenerative agriculture across North America. This initiative aims to enroll corn, soy, and wheat farmers in states like Kansas and Iowa by 2030, impacting up to 2 million acres. The collaboration intends to reduce greenhouse gas emissions by 1.4 million metric tons, equivalent to powering 275,000 homes for a year. Both companies emphasize sustainability, with ADM targeting a 25% reduction in Scope 3 emissions by 2035, aligning with PepsiCo's goal of spreading regenerative practices across 7 million acres.

GENYOUth, the Arizona Super Bowl Host Committee, Fry's Food Stores, and NFL Legend Drew Stanton have launched Mission 57: End Student Hunger. This initiative aims to combat food insecurity among Arizona youth by providing Grab and Go school meal equipment packages to 57 schools, enabling access to over 8.5 million meals for 31,000 students annually. Initiated amid a 10.9% annual food inflation, only 55% of eligible Arizona students currently participate in the school breakfast program. The project, supported by partners including Frito-Lay and The Quaker Oats Company, highlights the urgent need to address student hunger.

Doritos is launching the Triangle Tracker program, an innovative AR campaign where consumers can scan real-world triangles using Snapchat for a chance to win prizes including a $250,000 grand prize. The campaign features collaborations with GUESS, Xbox, and Vivid Seats, and includes weekly TikTok challenges with $15,000 bounties. The promotional activities will kick off at the MTV VMAs on August 28, 2022. Participants can explore Doritos Triangle Island in Fortnite, further engaging with the brand through a virtual experience.

Stacy's Pita Chips, a female-founded brand, is launching a limited-edition flavor inspired by Girl Scout Cookies, specifically Thin Mints. The new product coincides with a $50,000 donation to the Girl Scouts of the USA to support young female entrepreneurs. This initiative is part of Stacy's ongoing commitment to empower women, illustrated through its Stacy's Rise Project, which has invested heavily in women-owned businesses. The new flavor will be available in September at grocery stores nationwide, with a QR code on the packaging for consumers to learn more about the partnership.

Ruffles, the Official Chip of the WNBA, has signed WNBA star A'ja Wilson as its first-ever female athlete for a multi-year partnership. This initiative introduces Ruffles Ridge Twists, a new product line featuring Wilson's signature flavor, Smoky BBQ, alongside Double Cheddar. The new snacks offer a unique twist shape while maintaining the classic Ruffles ridge. Ruffles aims to enhance its connection with basketball fans through this collaboration. The products will be available in stores and online, priced at $5.59 for 5.5oz and $2.29 for 1.75oz bags.

PepsiCo, Inc. (NASDAQ: PEP) announced the timing for its third-quarter 2022 financial results, which will be released on October 12, 2022. Key details include the press release and 10-Q filing scheduled for 6:00 a.m. EDT, followed by management remarks at 6:30 a.m. EDT. A live Q&A session will be held at 8:15 a.m. EDT, featuring CEO Ramon Laguarta and CFO Hugh Johnston. PepsiCo generated over $79 billion in net revenue in 2021, driven by its strong portfolio of brands.

Frito-Lay has announced a $500,000 partnership with the United Negro College Fund (UNCF) to provide scholarships for Black and Hispanic students in 10 U.S. cities. The initiative aims to reduce financial barriers to college, offering up to $5,000 each to 100 students. Applications are open until September 29, 2022. This scholarship is part of Frito-Lay's commitment to the PepsiCo Racial Equality Journey initiative, which will invest $570 million over five years to address inequalities. Frito-Lay emphasizes its dedication to diversity and education for future generations.