PepsiCo

PepsiCo
	File:Pepsico-top r1 c1.gif
Company type	Public (NYSE: PEP)
Industry	Food and beverage
Founded	Purchase, New York, USA (1965)
Headquarters	Purchase, New York, USA
Key people	Steven Reinemund, Chairman & CEO
Products	Pepsi; Sunny Delight; Gatorade; Lay's; Doritos; Frappuccino (for Starbucks)
Revenue	$29.3 billion USD (2004)
Operating income	11,512,000,000 United States dollar (2022)
Net income	9,578,000,000 United States dollar (2024)
Total assets	92,377,000,000 United States dollar (2021)
Number of employees	143,000 (2004)
Website	www.pepsico.com

PepsiCo, Inc. NYSE: PEP is a global beverage and snack company. The company manufactures, markets and sells a variety of carbonated and non-carbonated beverages as well as salty, convenient, sweet and grain-based snacks, and other foods. Besides the Pepsi-Cola brands (including Mountain Dew), the company manufactures Quaker Oats, Gatorade, Frito-Lay and Tropicana. In many ways, PepsiCo differs from its competitor The Coca-Cola Company, having three times as many employees, larger revenues, but a smaller net profit (See comparison at Yahoo Finance). The company formed for distribution and bottling is the Pepsi Bottling Group NYSE: PBG. PepsiCo is a SIC 2080 (beverage) company.

Until 1997, it also owned Kentucky Fried Chicken, Pizza Hut, and Taco Bell, but these fast-food restaurants were spun off into Tricon Global Restaurants, now Yum! Brands, Inc.

Corporate governance

Current members of the board of directors of PepsiCo are: John Akers, Robert E. Allen, Dina Dublon, Victor Dzau, Ray Hunt, Alberto Ibargüen, Arthur Martinez, Indra Nooyi, Steven Reinemund, Sharon Rockefeller, James Schiro, Franklin Thomas, Cynthia Trudell, and Daniel Vasella.

Former CEOs of Pepsi

Diversity

PepsiCo received a 100 percent rating on the Corporate Equality Index released by the Human Rights Campaign starting in 2004, the third year of the report.

PepsiCo brands

Partnerships

7 Up (international distribution)
Frappuccino
Starbucks DoubleShot
Mandarin (license)
D&G (license)
Lipton Brisk
Lipton Iced Tea
Dole juices and juice drinks (license)
Sunny Delight (produced by PepsiCo for Procter & Gamble)

Discontinued lines

All Sport: Pepsi's answer to the fast-growing sports drink market, All-Sport was carbonated; in contrast, rivals Gatorade and Coke-owned POWERade were non-carbonated. The 2001 purchase of Quaker Oats (in effect acquiring Gatorade) made All Sport expendable, and the brand has been phased to almost nothing.
FruitWorks: Flavors were Strawberry Melon, Peach Papaya, Tangerine Citrus, Apple Raspberry, and Pink Lemonade. Two other flavors, Passion Orange and Guava Berry, were available in Hawaii only.
Josta: launched 1995, "with Guarana"
Kona: launched 1997
Matika: Run in August 2001, it was a tea/juice alternative beverage, sweetened with Cane Sugar & containing Ginseng. Dragonfruit Potion, Magic Mombin, Mythical Mango, Rising Starfruit, Skyhigh Berry
Mazagran: launched 1995
Mr. Green (Sobe)
Patio: line of flavored drinks (1960-late '70s?)
Slice
Smooth Moos: launched 1995
Storm: launched March 15, 1998, replaced by Sierra Mist.

Restaurant chains

PepsiCo owned a number of restaurant chains until it exited that business in 1997, selling some, and spinning off others into a new company Tricon Global Restaurants, now known as Yum! Brands, Inc.).

California Pizza Kitchen (bought 1992, sold back to original founders in 1997)
Chevys Fresh Mex (bought August 1993, sold May 1997 to J. W. Childs Equity Partners)
D'Angelo Sandwich Shops (sold August 1997 to Papa Gino's)
East Side Mario's (United States franchises – bought December 1993, sold early 1997 to Marie Callender's)
Hot 'n Now (bought in 1990, sold in 1997)
Kentucky Fried Chicken (bought October 1986 from RJR Nabisco, spun off October 1997)
Taco Bell (bought in 1978, spun off October 1997)
Pizza Hut (bought in 1977, spun off October 1997)

External links

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