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,
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.
On Nov. 12, 2020, Chester Cheetah launched the first-ever official Cheetos holiday cookbook, "BON-APPE-CHEETOS," featuring 22 inventive recipes from celebrity chefs like Anne Burrell and Richard Blais. The cookbook is available for a minimum donation of $35 to World Central Kitchen's COVID-relief fund, benefiting #ChefsForAmerica. This initiative coincides with a growing trend of home cooking, with a recent survey indicating that 63% of Americans seek unique recipes to entertain themselves. The cookbook aims to bring cheesy inspiration to holiday meals.
Hissho Sushi has partnered with Frito-Lay to launch the Cheetos® Flamin' Hot® Roll, a unique sushi roll combining Spicy Krab, crushed Cheetos, and avocado. This innovative roll will be available in over 700 locations including grocery stores, colleges, hospitals, and airports. Hissho aims to enhance the consumer sushi experience while addressing the demand for inventive grab-and-go options. The collaboration is highlighted by the excitement of both companies to bring fresh culinary experiences to fans.
PepsiCo (NASDAQ: PEP) has launched a micro-fulfillment center in Joliet, Illinois, aiming to enhance eCommerce capabilities amidst growing consumer demand. This automated facility, powered by Dematic, is designed to improve safety, reduce costs, and expedite delivery, enabling PepsiCo to process 7.5 times more units per hour compared to traditional methods. The initiative underscores PepsiCo's commitment to investing in operational efficiency and collaboration with retail partners to enhance customer experiences.
PepsiCo, Inc. (NASDAQ: PEP) announced the election of Dave Lewis as an independent board member, effective November 13, 2020. Lewis, former Group CEO of Tesco PLC, brings extensive experience in retail and consumer packaged goods. He will serve on the Audit Committee. PepsiCo's Chairman and CEO, Ramon Laguarta, expressed confidence in Lewis's leadership to enhance the company's strategies and sustainable growth. The company generated over $67 billion in revenue in 2019, driving its commitment to sustainable practices and community support.
Cheetos has launched a new initiative called Deja Tu Huella to inspire the next generation to leave their mark on culture, promoting creativity in music, fashion, and entertainment. This campaign features a collaboration with Latin superstar Bad Bunny, which will debut during the 2020 American Music Awards on November 22. Cheetos is also committing $500,000 to support the Hispanic community alongside a broader $170 million commitment from PepsiCo to address racial inequality. The initiative aims to celebrate Hispanic culture's significant impact on American pop culture.
PepsiCo, Inc. (NASDAQ: PEP) released its 2020 Green Bond Report, detailing the allocation of $1 billion from its first Green Bond issued in October 2019. As of December 31, 2019, $447 million has been allocated towards sustainability initiatives, including $200 million for recycled packaging, $110 million for a low-carbon fleet transition, $98 million for a green R&D facility, and $9 million for water-efficiency projects. PepsiCo aims to align its business with sustainability goals.
SodaStream announces the launch of bubly drops, its first North American partnership since joining PepsiCo. Available starting January 2021, an early release will be offered on November 1 as part of a limited edition SodaStream kit. The drops are calorie-free and come in six flavors including grapefruitbubly™ and limebubly™. This collaboration aims to enhance consumer choice in the rapidly growing flavored sparkling water market. Both brands emphasize healthy and sustainable options for consumers.
On September 22, 2020, Stacy's Rise Project announced an expansion of its grant and mentorship program, aimed at aiding Black female entrepreneurs. In partnership with Hello Alice, the initiative will provide $150,000 in grants to 15 selected founders, alongside mentorship and advertising support. The project addresses challenges facing Black female entrepreneurs, with 70% struggling to find mentorship and 83% needing marketing resources. Since its inception in 2019, the program has fostered a community of over 2,000 women and aims to uplift women of color in business.
PepsiCo (NASDAQ:PEP) has announced its commitment to source 100% renewable electricity globally by 2030 for its operations and by 2040 for its franchise and third-party operations. This initiative aims to cut approximately 2.5 million metric tons of greenhouse gas emissions by 2040. Currently, PepsiCo sources renewable electricity in 18 countries, with plans to reach 56% by the end of 2020. The company is part of the RE100 initiative, emphasizing its sustainability efforts while aligning with the Business Ambition for 1.5°C pledge to achieve net-zero emissions by 2050.
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