PepsiCo

PepsiCo, Inc. is an American multinational food and beverage corporation headquartered in Harrison, New York, and one of the world's leading food and beverage companies. Formed in 1965 through the merger of Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has grown into the second-largest food and beverage business globally based on net revenue, profit, and market capitalization, behind only Nestlé. The company operates in more than 200 countries and territories worldwide, employing over 300,000 people who work to deliver its mission of creating "More Smiles With Every Sip and Every Bite."

PepsiCo's success is built on a complementary portfolio that strategically balances beverages and convenient foods. The company's beverage segment, accounting for approximately 45% of revenue, includes iconic brands such as Pepsi, Mountain Dew, Gatorade, Tropicana, and Aquafina. The snack division contributes around 55% of total revenue, driven by powerhouse brands like Lay's, Doritos, Cheetos, Tostitos, Quaker Oats, and Rold Gold. As of 2021, PepsiCo possesses 23 brands that each generate over $1 billion in annual sales, demonstrating the company's exceptional brand management and market position.

Under the leadership of Chairman and CEO Ramon Laguarta since 2018, PepsiCo has focused on strategic portfolio transformation and sustainability through its "PepsiCo Positive (pep+)" initiative. In 2024, the company generated nearly $92 billion in net revenue, reflecting steady growth despite challenging market conditions. PepsiCo continues to evolve its portfolio through strategic acquisitions, including the $1.2 billion purchase of Siete Foods (completed January 2025) and the $1.95 billion acquisition of prebiotic soda brand Poppi (completed March 2025), both aimed at meeting modern wellness priorities and consumer demand for better-for-you products.

PepsiCo's business model demonstrates diversification across three key markets simultaneously: retail sales through supermarkets and convenience stores, foodservice operations serving restaurants and institutions, and direct store delivery (DSD) systems. This multi-channel approach, combined with the company's commitment to sustainability—including spreading regenerative agriculture practices across 3.5 million acres in 2024—positions PepsiCo as both a market leader and responsible corporate citizen. The company has surpassed its 2025 sustainability targets a full year ahead of schedule, with 67% of beverage volume containing fewer than 100 calories from added sugars and 77% of convenient foods not exceeding 1.3 milligrams of sodium per calorie.