Wiki source code of PepsiCo Inc

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4
5 = Summary =
6
7 * PepsiCo Inc is global leader in convenient foods and beverages.
8 * PepsiCo products are consumed more than one billion times a day in more than 200 countries and territories around the world.
9 * PepsiCo's product portfolio includes a wide range of foods and beverages, including brands that generate more than $1 billion each in estimated annual retail sales.
10 * PepsiCo's product portfolio includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream.
11
12 [[image:PEP0.png||height="275" width="721"]]
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14
15
16 PepsiCo Inc (NASDAQ: PEP) was incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986. PepsiCo is a leading global beverage and convenient food company with a complementary portfolio of brands, including Lays, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream. Through its operations, authorized bottlers, contract manufacturers and other third parties, the company make, market, distribute and sell a wide variety of beverages and convenient foods, serving customers and consumers in more than 200 countries and territories.
17
18
19 = Recent Developments =
20
21 PepsiCo Introduces New Packaging Goal, Doubling Down On Scaling Reusable Packaging Options{{footnote}}https://www.pepsico.com/our-stories/press-release/pepsico-introduces-new-packaging-goal-doubling-down-on-scaling-reusable-packagin12052022{{/footnote}}
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23
24 Dec. 5, 2022; PepsiCo announced a global packaging goal intended to double the percentage of all beverage servings it sells delivered through reusable models from 10 to 20 percent by 2030.  This ambition is part of PepsiCo Positive (pep+), the company's strategic, end-to-end business transformation that puts sustainability and people at the center of how the company will create growth and value.
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27 Offering its iconic beverages in reusable packaging and on innovative platforms that eliminate the need for single-use virgin plastic is not new to PepsiCo – it has been an important element of the company's Sustainable Packaging Vision since 2018, when PepsiCo invested over $3.2B to acquire SodaStream, the world's leading reuse platform, and expressed its commitment to a circular economy for plastics by joining the New Plastics Economy Global Commitment. Reuse is also a critical lever to meet PepsiCo's goals to reduce virgin plastic per serving by 50% by 2030 and to become Net Zero by 2040, and progress toward these goals will also be driven – in partnership with its bottlers – by increasing recycled content in its packaging.
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29
30 [[image:PEP1.jpg]]
31
32
33 = Financial Highlights =
34
35 == 3Q 2022 Results ==
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37 Organic revenue increased 16 percent and represents the fourth consecutive quarter of double-digit organic revenue growth.{{footnote}}https://investor.pepsico.com/docs/default-source/investors/q3-2022/q3-2022-prepared-management-remarks_13l7axjj6h03ge7c.pdf{{/footnote}}
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40 The company's top-line performance was broad based across geographies as its North America and International businesses each delivered 16 percent organic revenue growth.
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43 The company's performance also highlights its diversified portfolio and the resilience of its categories and consumer demand trends as its global beverages and convenient foods businesses sequentially accelerated and delivered 12 percent organic revenue growth and 20 percent organic revenue growth, respectively.
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45
46 Core gross profit increased 8 percent and core gross margin declined 20 basis points due to the ongoing impact of inflationary pressures.
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48
49 Core operating profit increased 11 percent and core operating margin expanded 30 basis points aided by its strong net revenue growth and holistic cost management initiatives.
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52 Core constant currency EPS increased 14 percent, while reported EPS increased 22 percent.
53
54
55 === North America Divisions ===
56
57 The company's North America business delivered double-digit net revenue growth and double-digit core operating profit growth. Core operating margin expanded as efficiencies generated within its selling, general, and administrative expenses more than offset a decline in core gross margin.
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59
60 Frito-Lay North America delivered 20 percent organic revenue growth and gained share in the macro, savory, and salty categories for the third quarter.
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63 Quaker Foods North America delivered 16 percent organic revenue growth in the third quarter and gained share in the rice and pasta, lite snacks, ready-to-eat cereal and hot cereal categories.
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65
66 PepsiCo Beverages North America’s organic revenue growth sequentially accelerated in the third quarter to 13 percent as category growth and consumer demand remained resilient.
67
68
69 === International Business ===
70
71 The company's International business delivered 16 percent organic revenue growth, its sixth consecutive quarter of double-digit organic revenue growth, despite an increasingly complex geopolitical and macroeconomic environment.
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73
74 The company's investment decisions over the past few years to increase the scale and presence of its convenient foods business to better replicate markets such as Latin America, while investing selectively in beverages have enabled it to deliver compelling organic revenue growth across its key categories and markets.
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77 During the quarter, its International convenient foods business delivered 20 percent organic revenue growth, while its International beverages business sequentially accelerated and delivered 9 percent organic revenue growth.
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80 Each of its international divisions reported strong organic revenue growth, led by Latin America, which delivered double digit organic revenue growth in both beverages and convenient foods during the quarter, with Mexico, Brazil, Colombia, Chile, and Argentina each delivering double-digit organic revenue growth.
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83 Outside of Latin America, many of its other developing and emerging markets also remained resilient, including China, South Africa, India, Egypt, Saudi Arabia, Pakistan, Vietnam and Poland, each of which delivered double-digit organic revenue growth.
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86 Developed markets also performed well and delivered highsingle-digit organic revenue growth in the quarter, including double-digit organic revenue growth in the U.K., France and Spain and mid-single-digit organic revenue growth in Australia.
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88
89 In addition, the company continue to focus on executing and winning in the marketplace. Year-to-date, the company gained savory snack share in Brazil, China, the U.K., India, Pakistan, Saudi Arabia, Spain, Turkey, Netherlands, Thailand, Australia, and Chile, and gained beverage share in Mexico, Brazil, Australia, China, India, Egypt, Pakistan, Saudi Arabia, Vietnam, and Iraq.
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91
92 [[image:PEP2.jpg]]
93
94
95 = Company Overview =
96
97 PepsiCo Inc (NASDAQ: PEP) is a global leader in convenient foods and beverages. PepsiCo products are consumed more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated $79 billion in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.{{footnote}}https://www.pepsico.com/who-we-are/about-pepsico{{/footnote}}
98
99
100 **PepsiCo Beverages North America (PBNA)**
101
102 With roots dating back to 1898, PepsiCo Beverages North America (PBNA) is one of the largest beverage companies in North America today, generating more than $22 billion net revenue in 2020. Comprising nearly 60,000 associates across the United States and Canada, PBNA is responsible for bringing consumers an unrivaled, iconic portfolio of more than 300 beverage choices, including 10 billion-dollar brands like Pepsi, Gatorade, bubly and Mountain Dew, as well as emerging brands in the fast-growing energy and value-added protein categories.
103
104
105 **Frito-Lay North America (FLNA)**
106
107 In 1932, Herman W. Lay began a potato chip business in Nashville, Tennessee. Not long after, he purchased the manufacturer and formed H.W. Lay & Company. In 1961, the company merged with the Frito Company, becoming Frito-Lay Inc.
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110 In 1965, Frito-Lay Inc. merged with Pepsi-Cola to form PepsiCo. Today, Frito-Lay North America (FLNA) makes some of the most popular and high-quality snacks in the United States and Canada, including Lay’s and Ruffles potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips and branded dips, Santitas tortilla chips, Sun Chips multigrain chips, and Fritos corn chips. In addition, FLNA, through a joint venture with Strauss Group, makes, markets, distributes and sells Sabra refrigerated dips and spreads. Its emerging brands include Bare Snacks, Off The Eaten Path and Popcorners.
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112
113 **Quaker Foods North America (QFNA)**
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115 The Quaker Oats Company was officially formed in 1901 when four American grain pioneers came together to incorporate the now household name. Inspired by the wholesome goodness of the humble oat, Quaker has been the leading expert in oats and committed to making oats delicious and convenient by developing everything from breakfast items to snacks to tasty recipe ideas.
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118 The Quaker Oats Company merged with PepsiCo in 2001. Today, Quaker offers numerous products and choices including hot cereals, cold cereals, snack bars, rice snacks and more.
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121 In addition to Quaker branded products, Quaker Foods North America also makes, markets, distributes and sells cereals, rice, pasta, dairy and products such as Cheetos Mac‘N Cheese, Pearl Milling Company pancake mixes and syrups, Cap’n Crunch cereal, Life cereal, Rice-A-Roni and Near East side dishes.
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123
124 == PepsiCo Global ==
125
126 === Latin America ===
127
128 Over the course of more than 100 years, PepsiCo’s Latin America business has grown to become one of the strongest food and beverage manufacturers in the region by working closely with local entrepreneurs and investing in lasting win-win partnerships with its suppliers and farmers, investors, consumers, and communities.
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131 PepsiCo Latin America sells beverages, salty snacks, cookies and crackers, oats, and nuts and seeds throughout the region, employing more than 70,000 employees in 34 countries, and operates over 40 production plants, generating around $7 billion in sales annually. The company's portfolio includes major global brands such as Pepsi, Lay’s, Quaker, Gatorade, 7UP, Doritos, Cheetos and Ruffles, as well as regional and local brands like Gamesa, Mafer, Tortrix and Kero Coco.
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133
134 === Europe ===
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136 PepsiCo’s businesses have been operating in markets across its Europe sector for more than 80 years, manufacturing and supplying delicious foods and beverages that are enjoyed by millions of consumers each day. The company's portfolio of snacks, soft drinks, dairy, juices and grains encompasses world-famous brands such as Pepsi, Lay’s, Doritos, 7UP, Tropicana and Quaker Oats, alongside its much-loved, local and regional brands, including Walkers crisps, Alvalle Gazpacho Duyvis nuts and Agusha baby food. PepsiCo is now the leading manufacturer of savory snacks, hot cereals and juices in the Europe sector and the second-largest producer of carbonated soft drinks and dairy.
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139 The company's Europe team is committed to excellence, innovation and meeting consumer needs, and its commitment to sustainability is at the heart of its business — from the crops the company grow through to its manufacturing operations and the packaging of its brands. Over the decades PepsiCo has invested in its local markets, providing support to farmers through its Sustainable Farming Program as well as partnering with numerous NGOs to improve the livelihoods of communities where the company operate.
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141
142 === Asia Pacific, Australia, New Zealand and China (APAC) ===
143
144 The APAC sector consists of the Asia Pacific, Australia/New Zealand and China regions, offering a number of leading snack brands such as Cheetos, Doritos, Lay’s and Smith’s as well as various beverage brands including 7UP, Aquafina, Mirinda, Mountain Dew and Pepsi.
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147 PepsiCo also sells ready-to-drink tea products through a joint venture with Unilever under the Lipton brand and licenses Tropicana through a strategic alliance with Tingyi (Cayman Islands) Holding Corp.
148
149
150 === Africa, Middle East and South Asia (AMESA) ===
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152 The AMESA sector consists of the Africa, Middle East and South Asia regions and features many leading global snack brands, including Lay’s, Cheetos and Doritos, along with local favorites such as Chipsy (Egypt), Simba (South Africa) and Kurkure (India and Pakistan), as well as various beverage brands like 7UP, Pepsi, Aquafina, Mountain Dew, Mirinda and Sting.
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155 The sector covers a wide span of developing and emerging markets, including the key countries of Egypt, India, Saudi Arabia, Pakistan and South Africa. In 2020, PepsiCo acquired Pioneer Foods, a leading food and beverage company in South Africa, adding its robust, well-known brands — among them Weet-Bix, Bokomo and Ceres — to PepsiCo’s portfolio.
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158 The Pioneer Foods acquisition is key to PepsiCo’s growth strategy across the entire African continent. The AMESA sector is committed to PepsiCo’s vision of sustainable growth, which emphasizes efficient use of sustainable farming practices, energy and natural resources such as water. The sector is also working to create a world where plastic need never become waste by creating public-private partnerships in key markets to collect and recycle post-consumer plastic waste.
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160
161 [[image:PEP3.png]]
162
163
164 == Brands ==
165
166 PepsiCo’s range of foods and beverages reflects how varied consumer tastes are around the globe, from Canada’s beloved Lay’s Dill Pickle Flavored potato chips to SABRITONES, puffy chile and lime snacks made in Mexico.{{footnote}}https://www.pepsico.com/our-brands/creating-smiles/our-products{{/footnote}}
167
168
169 <brand list>
170
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172
173 Company History
174
175 PepsiCo Inc was incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986.
176
177
178 (% style="width:1087px" %)
179 (% class="info" %)|Year|(% style="width:1034px" %)Milestone
180 |1965|(% style="width:1034px" %)(((
181 Pepsi-Cola CEO Don Kendall and Frito-Lay CEO Herman
182
183 Lay sketch out a deal on the back of a napkin and
184
185 agree to combine their companies. Modern-day
186
187 PepsiCo is born.
188 )))
189 |1965|(% style="width:1034px" %)PepsiCo Listed on NYSE
190 |1966|(% style="width:1034px" %)Doritos brand tortilla chips are introduced. They are destined to become the most popular snack chip in the United States.
191 |1970|(% style="width:1034px" %)PepsiCo moves from New York City to its new world headquarters in Purchase, N.Y.
192 |1974|(% style="width:1034px" %)Pepsi-Cola becomes the first American consumer product to be produced, marketed and sold in the former Soviet Union.
193 |1977|(% style="width:1034px" %)PepsiCo acquires Pizza Hut, Inc.
194 |1978|(% style="width:1034px" %)PepsiCo acquires Taco Bell.
195 |1982|(% style="width:1034px" %)(((
196 Pepsi Free and Diet Pepsi Free, the first major brand caffeine-free colas, are introduced.
197
198 Inauguration of the first Pepsi-Cola operation in China.
199 )))
200 |1986|(% style="width:1034px" %)(((
201 PepsiCo is listed on the Tokyo stock exchange.
202
203 Pepsi-Cola acquires Mug Root Beer.
204
205 PepsiCo purchases Kentucky Fried Chicken (KFC).
206
207 7-Up International Acquired
208 )))
209 |1989|(% style="width:1034px" %)(((
210 PepsiCo acquires Walkers Crisps and Smith Crisps, two of the United Kingdom's leading snack food companies.
211
212 PepsiCo enters the top 25 of the Fortune 500 ranking.
213 )))
214 |1990|(% style="width:1034px" %)(((
215 PepsiCo acquires a controlling interest in Gamesa, Mexico's largest cookie company.
216
217 PepsiCo signs the largest commercial trade agreement in history with the Soviet Union.
218 )))
219 |1991|(% style="width:1034px" %)(((
220 Pepsi-Cola forms a joint venture with Unilever to develop and market tea-based drinks.
221
222 Ray Charles teams up with the Uh-Huh Girls. The slogan for Diet Pepsi is modified to "You Got the Right One Baby, Uh-Huh!"
223 )))
224 |1992|(% style="width:1034px" %)Aquafina Acquired
225 |1994|(% style="width:1034px" %)PepsiCo and Starbucks form the North American Coffee Partnership to jointly develop ready-to-drink coffee beverages.
226 |1995|(% style="width:1034px" %)PepsiCo will introduce Lay's brand potato chips in 20 markets throughout the world.
227 |1997|(% style="width:1034px" %)(((
228 Frito-Lay announces plans to buy the 104-year-old snack Cracker Jack.
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230 Aquafina bottled water is rolled-out nationally.
231
232 PepsiCo spins off Kentucky Fried Chicken, Pizza Hut and Taco Bell as Tricon Global Restaurants, Inc.
233 )))
234 |1998|(% style="width:1034px" %)(((
235 PepsiCo acquires Tropicana Products from Seagram Company Ltd., the biggest acquisition ever undertaken by PepsiCo.
236
237 Frito-Lay becomes the snack chip leader in South and Central America as it enters a joint venture with Empreseas Polar SA of Venezuela.
238
239 The Pepsi-Cola Company celebrates its 100th anniversary
240 )))
241 |1999|(% style="width:1034px" %)Tropicana juices enter the India market for the first time.
242 |2000|(% style="width:1034px" %)PepsiCo, Inc. reaches agreement to acquire a majority stake in South Beach Beverage Company, whose highly innovative SoBe brand has made it one of industry's most successful companies.
243 |2001|(% style="width:1034px" %)PepsiCo merges with The Quaker Oats Company.
244 |2006|(% style="width:1034px" %)(((
245 Pepsi acquires IZZE Beverage Company.
246
247 PepsiCo announced its intent to acquire Naked Juice Company and the New Zealand snack company Bluebird Foods.
248
249 PepsiCo completes the acquisition of Stacy's Pita Chip Co.
250 )))
251 |2007|(% style="width:1034px" %)(((
252 PepsiCo and Pepsi Americas jointly acquire Sandora, a leading juice company in Ukraine.
253
254 Lebedyansky Acquired
255 )))
256 |2009|(% style="width:1034px" %)PepsiCo and Calbee Foods Company announce a strategic alliance to make and sell a wide range of food products in Japan.
257 |2010|(% style="width:1034px" %)(((
258 PepsiCo completed the acquisition of The Pepsi Bottling Group, Inc. and PepsiAmericas, Inc., its two largest anchor bottlers.
259
260 PepsiCo announces its intent to acquire Russia's Wimm-Bill-Dann, Russia's leading branded food-and-beverage company.
261
262 AMP Energy Juice launches across the United States.
263 )))
264 |2011|(% style="width:1034px" %)(((
265 PepsiCo and Tingyi Holding, one of the major food and beverage companies in China, announce an agreement to form a strategic alliance in China.
266
267 PepsiCo acquires Mabel, a leading producer of cookies, crackers and snacks in Brazil.
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269 Wimm-Bill-Dann Acquired
270 )))
271 |2013|(% style="width:1034px" %)Frito-Lay unveils its first compressed natural gas (CNG) fueling station.
272 |2014|(% style="width:1034px" %)Pepsi introduces Pepsi Spire, a portfolio of innovative fountain beverage dispensers. Consumers can create more than 1,000 customized beverages with the touch of a button.
273 |2016|(% style="width:1034px" %)Kevita Acquired
274 |2018|(% style="width:1034px" %)(((
275 Bare Snacks Acquired
276
277 Health Warrior Acquired
278
279 Soda Stream Acquired
280 )))
281 |2019|(% style="width:1034px" %)(((
282 Muscle Milk Acquired
283
284 Agreement to Buy Pineeer Foods
285 )))
286 |2020|(% style="width:1034px" %)Agreement to Buy BFY Brands, the maker of PopCorners Snacks
287 |2022|(% style="width:1034px" %)Nitro Pepsi Launches
288
289
290 = References =
291
292 {{putFootnotes/}}
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