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Pepsi Number Fever, [1] also known as the 349 incident, [2] was a promotion held by PepsiCo in the Philippines in 1992, which led to riots [3] and the death of at least five people. [ 4 ] A similar promotion ran in Poland in 1995, known as Numeromania, although it did not cause as much controversy.
For the three months ended Dec. 30, PepsiCo earned $1.3 billion, or 94 cents per share. The food and drinks company said Friday that it expects organic revenue growth of at least 4% this year.
PepsiCo's income rose 12% to $3 billion, or an adjusted $2.28 per share, for the April-June period. Wall Street had expected earnings of $2.16 per share, according to FactSet.
In 1983, the Philippine operations became a branch of PepsiCo's New York office - PepsiCo, Inc. (Philippine branch) - and operated until 1985. Between 1985 and 1989, Pepsi-Cola Distributors of the Philippines, Inc. , a group identified with Filipino businessmen Ernest Escaler and Eduardo Cojuangco Jr. , took over the Philippine franchise.
PepsiCo, which is overhauling some of its top brands like Lay's potato chips as shoppers look for cheaper options, is increasingly sharing data with major retailers and in return getting coveted ...
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.
The ad was eventually taken down and Subway Philippines released a statement, which was further criticized online as a non-apology apology as the company did not acknowledge the issue and merely "reiterated the B.M.T message". The statement was also eventually taken down and followed up with a new statement apologizing for the commercial, with ...
Turning a food giant like PepsiCo — whose portfolio includes Lay’s, Doritos, Cheetos, Gatorade and Mountain Dew — away from fat, sugar and salt might sound like a recipe for disaster.. And ...