PepsiCo

PepsiCo, Inc.

Logo used since 2001
PepsiCo's global headquarters in Harrison, New York
Company type	Public
Traded as	Nasdaq: PEP Nasdaq-100 component S&P 100 component S&P 500 component
Industry	Beverages Food processing
Predecessor	Pepsi-Cola Company Frito-Lay, Inc.
Founded	August 28, 1898; 126 years ago (1898-08-28) New Bern, North Carolina, U.S. (as the Pepsi-Cola Company) June 8, 1965; 59 years ago (1965-06-08) (as PepsiCo)
Founder	Caleb Bradham (for the Pepsi-Cola Company branch)
Headquarters	Harrison, New York , U.S.
Area served	Worldwide
Key people	Ramon Laguarta (chairman & CEO) Jamie Caulfield (EVP and CFO)
Brands	List of PepsiCo brands
Revenue	US$91.85 billion (2024)
Operating income	US$12.89 billion (2024)
Net income	US$9.578 billion (2024)
Total assets	US$99.47 billion (2024)
Total equity	US$18.04 billion (2024)
Number of employees	318,000 (2024)
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 to an immensely diversified range of food and beverage brands. Significant acquisitions include Tropicana Products in 1998, the Quaker Oats Company in 2001, which added the Gatorade brand to the Pepsi portfolio, and Pioneer Foods in 2020 for US$1.7 billion.^[2]

As of January 2021, the company possesses 23 brands that have over 1 billion $ each 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 the 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.