PepsiCo

PepsiCo (NASDAQ: PEP) offers convenient foods and beverages under more than 500 brands, including Lay’s, Doritos, Gatorade, Pepsi-Cola, Cheetos, Mountain Dew, Quaker, and SodaStream. The company was incorporated in the State of Delaware in 1919 and reincorporated in North Carolina in 1986. PepsiCo’s products are consumed more than a billion times a day in more than 200 countries and regions, accounting for ~24.3% of the global carbonated soft drinks market in 2022. The company generated USD 91.5 billion in revenue in 2023. 

The PepsiCo Beverages North America (PBNA) segment was the largest, having generated ~30% of total revenue in 2023, followed by Frito-Lay North America (FLNA), accounting for ~27%. More than 57% of PepsiCo’s unit sales were from the US in 2023.

Since 2022, PepsiCo has shifted its focus toward “fast-growing and highly profitable” areas, and, in line with this, divested Tropicana, Naked, and other select juice brands, expanding distribution of low-alcohol products in the US. Moreover, with its Pep+ goals, with the underlying sectors of positive agriculture, positive value chain, and positive choices, PepsiCo aims to use 100% sustainable resources by 2030 and reach net-zero emissions by 2040.

Since 2022, PepsiCo has shifted its focus toward “fast growing and highly profitable” areas, and in line with this, divested Tropicana, Naked, and other select juice brands, expanding distribution of low-alcohol products in the US. Moreover, PepsiCo aims to use 100% sustainable resources by 2030 and reach net-zero emissions by 2040.