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During the chat, management said something that sparked fear in investors: In the current quarter, sales to PepsiCo (NASDAQ: PEP) are down $100 million to $120 million compared to last year.
PepsiCo also posted a surprise drop in third-quarter revenue, driven in part by a 13% slump in sales at Quaker Foods, which is still reeling from the impact of product recalls earlier this year.
Yum! was created in 1997 as Tricon Global Restaurants, Inc. from PepsiCo's fast food division as the parent corporation of the KFC, Pizza Hut and Taco Bell restaurant companies. [ 13 ] [ 14 ] The decision was announced in January and the spin off was effected on October 6. [ 15 ]
This is an alphabetical list of PepsiCo brands. [ 1 ] [ 2 ] It lists licensed trademarks , partnerships, including those in only certain markets, and products , split into foodtypes. Trademarks
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 behind Coca-Cola; [1] the two share a long-standing rivalry in what has been called the "cola wars".
To be fair, PepsiCo isn't hitting on all cylinders today. And investors are reacting as you might expect, by selling the stock. Now off by around 25% or so from its all-time high in 2023, PepsiCo ...
On April 10, 1959, three Pepsi-Cola representatives from Chicago, New York, and San Francisco converged on St. Joseph, Missouri, to give the public the first taste of the new drink, as the city was chosen for Teem's primary distribution market before being introduced elsewhere. Three days later, on the following Monday, advertisements cropped ...