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,
On March 30, 2021, PepsiCo announced a new $40 million scholarship and mentoring program aimed at supporting 4,000 Black and Hispanic community college students over five years. Initially launching in Dallas, Westchester, Houston, and Chicago, the program will later expand to 16 more cities. This initiative includes Uplift Scholarships for students pursuing associate degrees and S.M.I.L.E scholarships for graduates moving to four-year institutions. It is part of PepsiCo's broader commitment to combat economic disparities impacting these communities.
Frito-Lay, a division of PepsiCo (NASDAQ: PEP), has made significant strides in transforming its Modesto, California manufacturing facility. Announced in March 2021, the initiative aims to enhance sustainability and reduce the environmental impact of operations. This project has successfully reduced fleet greenhouse gas (GHG) emissions by 53%, equating to 2,790 metric tons, and decreased diesel usage by 78%. By switching to 100% renewable electricity, the site anticipates an annual GHG reduction of 5,480 metric tons. The $30.8 million initiative is backed by a partnership with local agencies and state funding.
Tostitos has launched a new campaign, "For the Love of Chips and Dip™ and..." featuring Kate McKinnon and Dan Levy. This campaign introduces Tostitos Habanero, their spiciest chip yet, priced at $4.29 for an 11 oz. bag, now available nationwide. Through humorous commercials debuting on April 3 and interactive content on Snapchat starting April 6, the campaign emphasizes fun moments shared among friends. Anya Schmidt, senior director of marketing, highlights the brand's goal to celebrate connections through enjoyable snacks.
Brisk, the iced tea brand, has launched Brisk Zero Sugar Lemon Iced Tea, its first national innovation in over five years. This new beverage features no sugar while maintaining the brand's signature bold flavor. To celebrate, Brisk has partnered with sneaker artist Dan Gamache, known as 'Mache', creating custom sneakers and launching the 'Unlock Your Zero Drop' promotion. Customers can win over 2,600 prizes by purchasing the new drink. Brisk also highlights various creators through video content, continuing its commitment to support artistic expression.
PepsiCo has successfully aided over 55 million people globally in accessing safe water since 2006, alongside raising $700 million in partnerships for water initiatives. This achievement aligns with their target of helping 100 million people by 2030. The PepsiCo Foundation has introduced new recovery programs post-COVID-19, focusing on sanitation and water infrastructure across multiple countries including Brazil, Colombia, and Bangladesh. PepsiCo emphasizes the importance of safe water access as a crucial aspect of their business strategy and community support.
Frito-Lay has partnered with Six Flags Entertainment Corporation as the Official Salty-Snack Chip partner for the 2021 season. This partnership will allow park guests to enjoy Frito-Lay snacks while visiting Six Flags' parks. As parks reopen, guests can purchase Frito-Lay snacks at various dining locations and participate in unique culinary experiences. Six Flags continues to prioritize health and safety with enhanced protocols. This collaboration aims to enhance guest experiences at Six Flags, providing fun and tasty snacks.
PepsiCo, Inc. (NASDAQ: PEP) announced its plans to release its first quarter 2021 financial results on April 15, 2021. The company will make the materials available on its investors' website at approximately 6:00 a.m. EDT. Prepared management remarks will follow at 6:30 a.m. EDT, with a live Q&A session for analysts featuring CEO Ramon Laguarta and CFO Hugh Johnston scheduled for 8:15 a.m. EDT. PepsiCo generated over $70 billion in net revenue in 2020, with a diverse product portfolio that includes well-known brands like Frito-Lay and Gatorade.
On February 25, 2021, Ruffles, the Official Chip of the NBA from PepsiCo's Frito-Lay division, launched its new campaign, Own Your Ridges™, featuring NBA All-Star Anthony Davis. The campaign encourages fans to embrace their uniqueness and will include two commercials airing during the NBA All-Star Game and The GRAMMY Awards. Ruffles also introduced a signature flavor, Ruffles Flamin' Hot BBQ, in partnership with NBA All-Star Jayson Tatum, priced at $4.29 for 8 oz. and $1.99 for 2.5 oz. The initiative aims to inspire individuality and community engagement through social media.
PepsiCo announces the launch of Neon Zebra, a new line of non-alcoholic cocktail mixers aimed at simplifying home cocktail preparation. Each 7.5oz mini-can can create two cocktails when mixed with a spirit. Offered in four flavors—Margarita, Strawberry Daiquiri, Mojito, and Whiskey Sour—Neon Zebra uses real juice and contains no artificial sweeteners. The product will be available nationwide starting March, priced between $6.99 and $7.99 for a six-pack. This launch targets the growing cocktail mixers market, which saw a 28% increase in 2020.
FAQ
What is the current stock price of PepsiCo (PEP)?
What is the market cap of PepsiCo (PEP)?
What is PepsiCo known for?
Where is PepsiCo headquartered?
What percentage of PepsiCo's revenue comes from convenience foods?
What recent partnerships has PepsiCo announced?
Who is PepsiCo's latest global brand ambassador?
What new flavor did PopCorners introduce in May 2024?
When will PepsiCo release its second-quarter 2024 financial results?
What is the pep+ (PepsiCo Positive) initiative?
How does PepsiCo engage with the sport of soccer?
Where can I find more information about PepsiCo?
