American multinational food and beverage corporation
This article is about the company. For the soft drink, see Pepsi.
PepsiCo, Inc.
Global headquarters building from the Donald M. Kendall Sculpture Gardens in Harrison, New York, in the hamlet of Purchase
Company type
Public
Traded as
Nasdaq: PEP
Nasdaq-100 component
S&P 100 component
S&P 500 component
Industry
Beverages
Food processing
Founded
August 28, 1898; 125 years ago (1898-08-28)
New Bern, North Carolina, U.S.
Founder
Caleb Bradham (for the Pepsi-Cola Company branch)
Headquarters
Donald M. Kendall Sculpture Gardens,
Harrison, New York
,
U.S.
Area served
Worldwide
Key people
Ramon Laguarta (Chairman & CEO) Jamie Caulfield (EVP and CFO)
Products
See list of PepsiCo products
Revenue
US$91.47 billion (2023)
Operating income
US$11.98 billion (2023)
Net income
US$9.16 billion (2023)
Total assets
US$100.5 billion (2023)
Total equity
US$18.64 billion (2023)
Number of employees
318,000 (2023)
Subsidiaries
List of subsidiaries
Website
pepsico.com
Footnotes / references [1]
PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi Cola to an immensely diversified range of food and beverage brands. The largest and most recent acquisition was Pioneer Foods in 2020 for US$1.7 billion[2] and prior to it was buying the Quaker Oats Company in 2001, which added the Gatorade brand to the Pepsi portfolio and Tropicana Products in 1998.
As of January 2021, the company possesses 23 brands that have over US$1 billion in sales annually.[3] PepsiCo has operations all around the world and its products were distributed across more than 200 countries and territories, resulting in annual net revenues of over US$70 billion. PepsiCo is the second-largest food and beverage business in the world based on net revenue, profit, and market capitalization, behind Nestlé. In 2023, the company's seat in Forbes Global 2000 was 82.[4] PepsiCo's flagship product, Pepsi Cola has been engaged in a rivalry for generations with Coca-Cola; it is commonly referred to as the cola wars. Although Coca-Cola outsells Pepsi Cola in the United States, PepsiCo within the North American market is the largest food and beverage company by net revenue. Ramon Laguarta has been the chief executive of PepsiCo since 2018. The company's beverage distribution and bottling is conducted by PepsiCo as well as by licensed bottlers in certain regions.
PepsiCo's Pepsi, the namesake, and Lay's, are its flagship brands.
Pepsi has been repeatedly criticized by environmentalists for its relationship to negative environmental impacts of agriculture in its supply chain and in its distributing operations, such as palm oil–related deforestation and pesticide use, its use of water resources, and the negative impacts of its packaging—Pepsi's packaging has consistently been one of the top sources of plastic pollution globally.[5] Similarly public health advocates have criticized Pepsi's high-calorie, poor nutrition product lines along with other popular snack and drink manufacturers. In response PepsiCo has made public comments on its commitment to minimizing their impact but has not released public information documenting progress on most of its public commitments.
^"PepsiCo, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 9, 2024.
^Child, Katharine (March 6, 2020). "PepsiCo purchase of Pioneer is finalised". Business Live. Retrieved December 9, 2021.
^"About PepsiCo". PepsiCo, Inc. Official Website. Retrieved February 26, 2024.
^"The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
^McVeigh, Karen (December 7, 2020). "Coca-Cola, Pepsi and Nestlé named top plastic polluters for third year in a row". The Guardian. ISSN 0261-3077. Retrieved March 29, 2021.
PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi Cola...
Pepsi is a carbonated soft drink with a cola flavor, manufactured by PepsiCo. As of 2023, Pepsi is the second most valuable soft drink brand worldwide...
PepsiCo has produced a number of variations on its primary cola, Pepsi, over the years, including the following: Pepsi Blue Chilled Cola, or simply Pepsi...
This is a list of assets owned by PepsiCo. Agousha (Russia) Alvalle (Spain) AMP Energy Aquafina Aquafina Flavorsplash Aunt Jemima/Pearl Milling Company...
Crystal Pepsi is a cola soft drink made by PepsiCo. It was initially released in the United States and Canada from 1992 to 1994 . Online grassroots revival...
Diet Pepsi is a diet carbonated cola soft drink produced by PepsiCo, introduced in 1964 as a variant of Pepsi with no sugar. First test marketed in 1963...
Pepsi Wild Cherry is a cherry-flavored cola first introduced in 1988 by PepsiCo. Two sugar-free versions are also available, with zero calories, named...
marketed by PepsiCo. It originally contained nearly twice the caffeine of Pepsi's other cola beverages. Before a recipe change in late 2022, Pepsi Zero Sugar...
Oats Company in 1983, which, in turn, was bought by PepsiCo in 2000. As of 2010, Gatorade is PepsiCo's fourth-largest brand, on the basis of worldwide annual...
W. (July 25, 1986). "Pepsico to Acquire Kentucky Fried: Deal Worth $850 Million". New York Times. "COMPANY NEWS; Bid by Pepsico". The New York Times....
long-time rivalry between soft drink producers The Coca-Cola Company and PepsiCo, who have engaged in mutually-targeted marketing campaigns for the direct...
assigned to Pepsi Max, but by 2010 all variants except Pepsi Throwback were using the standard version of the Globe. On March 28, 2023, PepsiCo unveiled...
Boveri. Nooyi joined PepsiCo in 1994, and was named CEO in 2006, replacing Steven Reinemund, becoming the fifth CEO in PepsiCo's 44-year history. Prior...
PepsiCo warehouse. On April 25, 2017, a PepsiCo warehouse's roof collapsed unexpectedly. The warehouse was located in Lebedyan, the centre of Pepsi's...
the Civil War as a surrender to the "Yankees": 149–151 as PepsiCo, the manufacturer of Pepsi, is based in Purchase, New York. In a Chicago Tribune story...
PepsiCo, headquartered in Purchase, New York. The purchases were completed on February 26, 2010, forming a wholly owned PepsiCo subsidiary, the Pepsi...
Pepsi Number Fever, also known as the 349 incident, was a promotion held by PepsiCo in the Philippines in 1992, which led to riots and the deaths of at...
division as a "hobby". PepsiCo's acquisition was seen by some analysts as a means for the company to increase its soft drinks sales. PepsiCo chairman D. Wayne...
Frito-Lay. In 1965 Frito-Lay became a subsidiary of The Pepsi-Cola Company, forming PepsiCo, the current owner of the Cheetos brand. In 2010, Cheetos...
Pepsi Stuff was a major loyalty program launched by PepsiCo, first in North America on March 28, 1996 and then around the world,[citation needed] featuring...
Pepsi Max (also known as Pepsi Zero Sugar and Pepsi Black in some countries) is a low-calorie, sugar-free cola, marketed by PepsiCo as an alternative...
Fast food: Burritos, hot dogs, sausages and Pepsi are sold from pushcart at Moscow subway stop. Pepsico hopes to expand locations but won't open a store"...
Sting) is a carbonated energy drink produced by Rockstar Inc. (acquired by PepsiCo in 2020). Sting is available in flavors such as the original Gold Rush...
Global Information
US$91.47 billion (2023)
PepsiCo's Pepsi, the namesake, and Lay's, are its flagship brands.