PepsiCo, Inc. - PEP STOCK NEWS

PepsiCo announced the eight finalists for the second year of the Greenhouse Accelerator Program: Juntos Crecemos Edition. This program focuses on enhancing high-potential food and beverage brands inspired by Hispanic flavors. Each finalist will receive $20,000 and join a five-month mentorship program, with the chance to win an additional $100,000. The selected startups include JAS, JaziLupini, Mayawell, Nemi, Paktli Foods, Pricklee, TOAST-IT, and ¡Ya Oaxaca!. These companies will work on innovative business solutions, guided by experts in various fields. The program aims to drive sustainable growth and industry innovation.

PepsiCo has released its 2023 ESG Summary, showcasing progress and challenges within its pep+ initiative aimed at enhancing long-term business performance and value.

Key achievements include:

• A 13% reduction in Scope 1 and 2 emissions, and a 5% reduction in total Scope 1, 2, and 3 emissions.
• A 4% decrease in virgin plastic use from non-renewable sources.
• Doubling its global regenerative farming footprint to over 1.8 million acres.
• A 25% improvement in water-use efficiency at high-risk locations compared to a 2015 baseline, achieving this goal two years early.
• Helping over 10 million people gain access to safe water.
• Introducing new goals to reduce sodium and deliver diverse ingredients, with 36% of foods meeting sodium targets and 75 billion portions of diverse ingredients supplied.

Despite these successes, challenges remain, particularly in packaging. The complete ESG Reporting Suite is available for further details.

Cracker Jack has launched the Cracker Jill Spotlight Squad to highlight women athletes led by legendary sprinter Allyson Felix. This initiative is part of the third-year Cracker Jill campaign, which aims to elevate women athletes' visibility. The campaign includes a social media contest where fans spotlight women athletes with selected participants receiving donations in their name. Cracker Jack’s survey found low visibility for women athletes among US teenagers, with significant gender disparities in sports participation and continuity. In addition to the campaign, Cracker Jack is donating $200,000 to the Women's Sports Foundation, bringing their total support to $600,000, impacting over 29,000 girls and women in sports.

MTN DEW, a product of PepsiCo, announces the launch of three new -time flavors to celebrate summer: MTN DEW STAR SPANGLED SPLASH™, MTN DEW FREEDOM FUSION™, and MTN DEW LIBERTY CHILL™. These flavors will be available in 20 oz bottles and 12 oz cans nationwide. To promote these new offerings, MTN DEW is hosting its first 'MTN DEW Cooler Quest' on June 20, featuring 50 backpack coolers filled with the new flavors and a $250 gift card, hidden in popular parks nationwide. Fans can start searching by checking GPS coordinates on the official website.

This initiative aligns with the brand’s strategy to encourage outdoor activities, continuing the earlier launched MTN DEW Outdoor Gear rewards program. PepsiCo, with products like Lay's, Doritos, and Gatorade, generated over $91 billion in revenue in 2023.

Gatorade has announced the return of its iconic 'Is It In You?' tagline with the largest campaign in its history. The campaign aims to inspire the next generation of athletes by focusing on their inner drive amid growing external pressures. The relaunch features a 60-second film narrated by Michael Jordan, showcasing stories from athletes like Josh Allen and Caitlin Clark. The campaign coincides with Gatorade's strong market position and continued expansion into new product categories like equipment and enhanced water.

PepsiCo (NASDAQ: PEP) will release its second-quarter 2024 financial results on July 11, 2024. The quarterly results, including the press release and 10-Q report, will be available on the company's investor relations website starting at 6:00 a.m. EDT. Prepared management remarks will be posted at 6:30 a.m. EDT. Additionally, a live Q&A session with CEO Ramon Laguarta and CFO Jamie Caulfield will take place at 8:15 a.m. EDT on the same day.

7-Eleven, Inc. introduces a new edition Gatorade flavor, Midnight Ice, available at 7-Eleven®, Speedway®, and Stripes® stores. The release offers customers two bottles for $5 and features a midnight-inspired color. Developed in collaboration with Gatorade, the new flavor aims to provide athletes with a refreshing and performance-boosting drink option.

Marias Gamesa® is reintroducing the Cafecito con Marias Gamesa campaign to provide a virtual community for Latina moms in the U.S. The brand partners with Super Mamás to discuss relationships and personal interests. A recent survey shows Latina moms feel overwhelmed and under-supported, despite having access to support systems. The new 'Márcale a Mamá' campaign emphasizes the importance of connecting with mothers. Virtual conversations and social media engagement aim to empower Latina moms.

PopCorners® introduces a new -time-only flavor, Jalapeño Popper, in celebration of the Kentucky Derby. Attendees can try the new flavor at the PopCorners Snackbook at Churchill Downs. Fans nationwide have a chance to win $20,000 and a Derby-style garland made of PopCorners by participating in a sweepstakes. The new flavor offers a mix of jalapeño heat and savory cheese, catering to the desire for spicier snack options.