PepsiCo, Inc. - PEP STOCK NEWS

Doritos has announced the return of Doritos 3D Crunch, featuring bold flavors like Spicy Ranch and Chili Cheese Nacho. Originally launched in 1998 and phased out in the early 2000s, the revamped snack aims to appeal to both Millennials and Gen Z. The new product will be available nationwide starting December 28, with a suggested price of $4.29 for 6 oz. bags and $1.89 for 2 oz. bags. The launch is accompanied by a social media challenge led by actress Ali Landry, who originally promoted the product, to engage fans and celebrate its comeback.

Doritos has announced the return of the Doritos Bowl featuring Call of Duty, kicking off on December 3 and culminating in a finals event on December 16. This year’s tournament introduces a first-of-its-kind Twitch Rivals Warzone event format with private lobbies and a $250,000 prize pool. The finals will see top players competing live, with commentary from popular streamers. This follows the successful inaugural event in 2018, which attracted 60 million viewers. Doritos, part of PepsiCo's $17 billion Frito-Lay division, aims to enhance viewer engagement in competitive gaming.

Frito-Lay has launched a customizable 'Make Your Own Variety Pack' feature on its direct-to-consumer website, Snacks.com, in response to consumer demand for tailored snack options. This rollout, which begins in 24 Eastern U.S. states, coincides with a 100% year-over-year increase in online snack shopping. The Frito-Lay U.S. Snack Index shows that 66% of Americans prefer customizable variety packs. Notably, Frito-Lay's sales have risen by 12% since March 2020.

PepsiCo, Inc. (NASDAQ: PEP) announced it will release its financial results for Q4 and full-year 2020, ending December 26, on February 11, 2021. Key details include:

• Press release at 6:00 a.m. EST
• Prepared management remarks at 6:30 a.m. EST
• Live Q&A session for analysts at 8:15 a.m. EST

PepsiCo generated over $67 billion in net revenue in 2019, fueled by a diverse portfolio, including brands like Gatorade and Tropicana. The company aims to lead in convenient foods and beverages while emphasizing sustainability.

PepsiCo (NASDAQ:PEP) has extended its partnership with UEFA Champions League for the 2021/22 to 2023/24 seasons, continuing a relationship that began in 2015. The deal includes the addition of SodaStream to Pepsi's brand lineup and emphasizes sustainability in events. PepsiCo aims to reduce plastic waste and promote equality within communities, collaborating with the UEFA Foundation for Children. The partnership enhances PepsiCo's global marketing efforts, with over 100 markets participating annually in various promotional activities.

The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.0225 per share, marking a 7% increase compared to the same period last year. This follows an annualized dividend increase to $4.09 per share from $3.82, effective from June 2020. The dividend is payable on January 7, 2021, to shareholders of record as of December 4, 2020. PepsiCo has maintained consecutive quarterly dividends since 1965, achieving its 48th annual dividend increase in 2020.

The Women's Sports Foundation (WSF) announced the recipients of its 2020 Travel & Training Fund, distributing $75,000 to 15 athletes and 2 women’s teams across the USA. Supported by Gatorade, the fund assists women athletes facing financial barriers in training for the 2021 and 2022 Olympic and Paralympic Games. Many recipients reported challenges due to COVID-19, including access to facilities and sponsorship losses. Founded by Billie Jean King, WSF aims to promote female representation in sports and has funded over 1,500 athletes since 1984.

PepsiCo has appointed Pietro Antonio Tataranni, MD, as the new Chief Medical Officer, effective immediately. Dr. Tataranni will oversee health initiatives amidst the ongoing COVID-19 pandemic and lead the company's Life Sciences strategy. Having joined PepsiCo in September 2018, he has experience in scientific leadership and innovation, previously holding senior roles at Sanofi and Merck. His appointment aims to enhance PepsiCo's commitment to science-driven health solutions and innovation in its product portfolio.

Frito-Lay has revealed insights from its latest U.S. Snack Index survey, indicating a significant shift in consumer behavior as the holidays approach. Notably, 50% of Americans plan to purchase holiday groceries online, a dramatic rise from 15% in 2019. Additionally, 66% of respondents are stocking up on snacks, with a 16% year-over-year increase in dip purchases. Health and safety concerns drive this trend, as 83% intend to spend the same or more on groceries. The survey showcases evolving shopping habits and growing consumer interest in using snacks in recipes.