PepsiCo, Inc. - PEP STOCK NEWS

Pepsi Stronger Together, in collaboration with Fat Joe and Gamesa Cookies, has launched a scholarship initiative aimed at supporting underserved youth pursuing music and arts education. The program offers four scholarships of $25,000 each, with applications open until September 20, 2022. The initiative kicks off in New York City on June 12 and will expand nationwide, concluding in Miami. This effort is part of PepsiCo's Racial Equality Journey, which includes over 4,000 scholarships aimed at empowering Black and Hispanic students.

EVOLVE has partnered with One Tree Planted to support urban tree planting in NYC, LA, and Chicago, coinciding with World Environment Day. Participants can enter a contest to win $10,000 for their environmental initiatives by posting videos on social media. For each entry, EVOLVE will donate $1 to One Tree Planted, up to $5,000. Additionally, EVOLVE commits to planting $100,000 worth of trees this year. The partnership reflects EVOLVE’s commitment to sustainability and enhancing urban environments through tree planting efforts.

Tostitos, a brand under PepsiCo, has launched its "Don't Miss the Good Stuff" campaign to combat FOMO (Fear of Missing Out) this summer. The campaign features actor Dan Levy and introduces a limited-edition "No Mo' FOMO" chip kit, consisting of popular flavors like Hint of Spicy Queso and Habanero. Additionally, Tostitos has created an interactive Snapchat game titled "FOMO or F No!" to engage consumers around party experiences. The campaign kicks off with a commercial during the MTV Movie & TV Awards on June 5, 2022, promoting social gatherings with Tostitos.

Frito-Lay, a division of PepsiCo, has announced significant enhancements to driver recruitment and retention, targeting nearly 20,000 drivers. The company boasts an industry-low attrition rate of less than 20%, and 90% of trips are completed the same day. Key benefits include competitive salaries, immediate health insurance, 401k with employer match, and educational assistance. Frito-Lay's commitment to workforce development was recognized by the U.S. Department of Transportation during the White House's 90-day challenge to improve apprenticeship programs in the trucking industry.

PepsiCo, Inc. (NASDAQ: PEP) announced the timing for its second quarter 2022 financial results on July 12, 2022. The company will release its earnings at approximately 6:00 a.m. EDT, followed by prepared management remarks at 6:30 a.m. EDT. A live Q&A session with CEO Ramon Laguarta and CFO Hugh Johnston will take place at 8:15 a.m. EDT. PepsiCo generated over $79 billion in net revenue in 2021 and aims to lead in beverages and convenient foods through its pep+ sustainability initiative.

Doritos is launching a unique virtual concert, "Live From The Upside Down," in partnership with Netflix, scheduled for June 23, 2022, to celebrate the premiere of Stranger Things 4. The concert will feature iconic '80s artists like The Go-Go's, Corey Hart, and Soft Cell, with Charli XCX as a special guest. Fans can gain access by purchasing limited-edition Doritos bags. Additionally, a new flavor, Doritos 3D Crunch Three Cheese, will be released. Exclusive merchandise will also be available for purchase to enhance the concert experience.