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,
Lay's is launching limited-edition potato chip bags featuring the smiles of 30 'Everyday Smilers' to bring joy amid challenging times. Proceeds from the initiative will support Operation Smile with up to $1 million. This year, the Smiles packaging utilizes CGI technology to showcase individual stories of community heroes while introducing fan-favorite flavors like Fried Pickles with Ranch. Last year, 71,000 consumers engaged with the Smiles program via QR codes. Lay's aims to inspire positivity and community support through this campaign, accessible nationwide.
PepsiCo has appointed Athina Kanioura as the new Executive Vice President and Chief Strategy and Transformation Officer. Reporting to CEO Ramon Laguarta, Kanioura will spearhead the company's overall strategy, focusing on digitalization and operational efficiency. With a robust background at Accenture, she aims to leverage her expertise in data and technology for business transformation. PepsiCo generated over $67 billion in net revenue in 2019, underlining its expansive market presence with a portfolio that includes well-known brands like Gatorade and Tropicana.
PepsiCo announced a $20 million partnership with USAID under the Women’s Global Development and Prosperity Initiative to empower women in agriculture. Each will invest $5 million initially to support women-owned enterprises in Asia, the Middle East, and Latin America. The initiative aims to improve women's access to resources and enhance food production, potentially feeding 150 million people. The partnership builds on prior successful efforts in West Bengal, targeting over 300,000 women. PepsiCo expects increased productivity and sustainability across its supply chain as a result.
Frito-Lay North America's 2020 NFL Kickoff campaign features a TV commercial titled "'Twas the Night Before Kickoff," starring NFL legends Tom Brady and Rob Gronkowski. Slated to air during the NFL Kickoff game on September 10, the campaign aims to evoke the excitement of the football season. It includes digital content across various platforms and introduces the innovative Tostitos FanTrack bags, designed to enhance the homegate experience. The campaign marks Frito-Lay's strong return to NFL festivities amid consumer demand for normalcy.
Frito-Lay has launched the 'Building the Future Together' initiative in partnership with Feed the Children to support over 100,000 students in underserved communities during the COVID-19 pandemic. The program aims to provide shelf-stable food, snacks, school supplies, and personal care items, supplementing more than a quarter-million meals. This initiative comes as food insecurity rises, with one in five families struggling to provide essentials. Frito-Lay has committed over $60 million to COVID-19 relief, distributing 57 million meals since the pandemic began.
PepsiCo, Inc. (NASDAQ: PEP) will release its Q3 2020 financial results on October 1, 2020, covering the period ending September 5, 2020. Key events include the posting of materials on their investor website at www.pepsico.com/investors around 6:00 a.m. EDT, a pre-recorded management discussion at 6:30 a.m. EDT, and a live Q&A session for analysts at 8:15 a.m. EDT. The company generated over $67 billion in net revenue in 2019, with a portfolio including brands like Frito-Lay and Gatorade.
PepsiCo (NASDAQ: PEP) announced a multi-year partnership with UEFA Women's football, enhancing its commitment to the sport. The five-year agreement, effective until Summer 2025, includes sponsorship of the UEFA Women's Champions League and various youth championships. PepsiCo aims to promote women's football globally, leveraging its presence established with the UEFA Men's Champions League. The partnership reflects the growing interest in women's football and PepsiCo's strategy to support sustainable growth in this area.
PepsiCo announced a unique initiative to bring the football tailgating experience home during the COVID-19 pandemic. They transformed the front yard of a dedicated Jets fan, Cindy, into a stadium-like setting, featuring a paved parking lot, team memorabilia, and a full suite of tailgating equipment. The campaign, part of their 'Made for Football Watching' initiative, also offers 20 fans a chance to win a 'Tailgate-in-a-Box' valued at nearly $5,000, complete with Pepsi-branded gear. This effort seeks to enhance the home-gaming experience for fans unable to attend games.
PepsiCo announced the winner of its North America Greenhouse program, awarding Spudsy, a female-owned company specializing in sweet potato snacks, a $100,000 grant. Spudsy's revenue grew over 240% through the program, which provided personalized mentorship amid COVID-19 challenges. The initiative aimed to support emerging brands by addressing business challenges and enhancing eCommerce capabilities. Spudsy's mission also focuses on reducing food waste by upcycling sweet potatoes, with plans to save approximately 1 million by 2021.
On August 19, 2020, PepsiCo announced the appointment of Roberto Azevêdo as Executive Vice President and Chief Corporate Affairs Officer, effective September 1, 2020. Azevêdo, previously Director-General of the WTO, will enhance PepsiCo's engagement with global stakeholders and advance its ESG strategy. Additionally, Jim Andrew was appointed Chief Sustainability Officer, also effective September 1, succeeding Simon Lowden. Andrew will focus on PepsiCo's Sustainability Agenda and oversee the SodaStream business. PepsiCo generated over $67 billion in net revenue in 2019 with a broad product portfolio.
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?
