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. reports developments across a global beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. Recurring news covers brand innovation, Gatorade hydration science, sports and consumer campaigns, supply-chain and go-to-market technology, and updates tied to the company's international operations.
Company announcements also cover dividend actions, annual meeting communications, and PepsiCo Positive initiatives involving renewable energy, fertilizer decarbonization, and broader value-chain sustainability programs. These updates reflect the company's mix of packaged foods, carbonated soft drinks, sports hydration, and other beverage categories sold across global markets.
1847 Goedeker Inc. (NYSE American: GOED) has received notice from Kanen Wealth Management regarding its intention to nominate a majority slate of five individuals for election to the Board of Directors at the upcoming Annual Meeting on November 10, 2021. Goedeker's CEO, Albert Fouerti, expresses confidence in the current leadership and growth strategy, emphasizing recent acquisitions and management transitions aimed at enhancing stockholder value. The Board will review Kanen’s nominees while maintaining communication with the firm, questioning the qualifications of Kanen’s candidates.
PepsiCo, Inc. (NASDAQ: PEP) announced the launch of Juntos Crecemos, a $50 million initiative to support Hispanic-owned businesses, especially restaurants and bodegas, over the next five years. This effort is part of PepsiCo's broader Racial Equality Journey Hispanic Initiative, which totals $172 million. The initiative aims to address significant challenges faced by Hispanic businesses, particularly those impacted by the COVID-19 pandemic. Additionally, the PepsiCo Foundation will introduce the IMPACTO Hispanic Business Accelerator, providing $10 million to aid 500 small food and beverage businesses in 13 U.S. cities.
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PepsiCo (NASDAQ: PEP) announced its goal to achieve "Net Water Positive" by 2030, aiming to replenish more water than it uses. The initiative emphasizes water stewardship, particularly in high-water-risk areas. PepsiCo has launched a $1 million program with WaterAid to enhance safe water access in Sub-Saharan Africa, expanding its ongoing efforts that have benefited over 59 million people since 2006. The company plans to adopt strict water-use efficiency standards to reduce usage by more than 50% at high-risk sites, with a broader ambition to provide safe water to 100 million people by 2030.
PepsiCo (NASDAQ: PEP) will release its third quarter 2021 financial results on October 5, 2021. The financial details will be available 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 is scheduled for 8:15 a.m. EDT. PepsiCo generated over $70 billion in net revenue in 2020 and aims to lead in the global convenient foods and beverages sector.
On August 5, 2021, PepsiCo (NASDAQ: PEP) announced the election of Edith W. Cooper to its Board of Directors effective September 1, 2021. With over 30 years of experience in management and human capital, Cooper previously served as Executive Vice President at Goldman Sachs. Her addition aims to enhance the board's diversity and financial expertise, aligning with PepsiCo's commitment to growth and shareholder value. Cooper co-founded a professional community in 2020 and sits on various non-profit boards, further enriching her qualifications.
On August 3, 2021, PepsiCo (NASDAQ: PEP) announced the sale of Tropicana, Naked, and select juice brands in North America and an option for Europe, generating approximately $3.3 billion in pre-tax cash proceeds. The deal retains PepsiCo a 39% interest in a joint venture with PAI Partners, which will lead the majority ownership. The juice businesses generated around $3 billion in net revenue in 2020, with operating profit margins lower than PepsiCo's overall margins. The transaction aims to strengthen PepsiCo's balance sheet and drive focus on healthier offerings.
Lay's has launched its new limited-edition "Flavor Swap®" lineup featuring two unique flavor mashups: Lay's Doritos Cool Ranch and Lay's Wavy Funyuns Onion. These innovative flavors combine popular snacks from PepsiCo's Frito-Lay division and are set to delight customers this summer. The chips will be available for $3.79 (7.5 oz) and $1.99 (2.625 oz) in grocery stores nationwide for a limited time.
This initiative highlights Lay's commitment to flavor innovation and consumer engagement.
Cheetos and Bad Bunny are launching the Deja tu Huella campaign's second phase with an exclusive adidas fashion collection and a student fund. The initiative offers fans early access to limited merchandise from August 6 by demonstrating Cheetle® on their fingers. Additionally, the Deja tu Huella Estudiante Fund will award $500,000 to students in the U.S. and Puerto Rico, with applications open until August 18. PepsiCo, the parent company, has pledged $275 million to Hispanic communities.
PepsiCo (NASDAQ: PEP) released its 2020 Diversity, Equity, and Inclusion (DEI) Report, highlighting its global strategy, 'A Space to be You'. Key achievements include:
- 41% gender parity
- 8% Black and 9% Hispanic representation, aiming for 10% managerial representation by 2025
- Over $35M investment in diverse suppliers in 2021
- $71 million for community support during COVID-19