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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.
Pepsi is a carbonated soft drink with a cola flavor, manufactured by PepsiCo.In 2023, Pepsi was 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".
The purchase of KFC by PepsiCo led to some fast food competitors switching from Pepsi to Coca-Cola. [77] One of the first to switch was Wendy's, whose chairman, Robert Barney, stated, "[PepsiCo's] interests are now in conflict with Wendy's and we will not support a company that is trying to make our customers its customers."
A year later, PepsiCo purchased Taco Bell from founder Glen Bell. [4] In July 1986, R. J. Reynolds sold KFC to PepsiCo [4] to pay off debt from its recent purchase of Nabisco. In 1990, Hot 'n Now was acquired via Taco Bell from William Van Domelen, [5] but the company was sold in 1996. [6] In 1992, PepsiCo acquired California Pizza Kitchen.
The “Pepsi Challenge” was the unofficial start of the soda rivalry. In 1975, Pepsi launched a marketing campaign that showed that during a blind taste test, more people preferred Pepsi over Coke.
Frito-Lay, Inc. (/ ˈ f r iː t oʊ l eɪ /) is an American food company that manufactures, markets, and sells snack foods.It began in the early 1930s as two companies, The Frito Company and H.W. Lay & Company, who merged in 1961.
What news did PepsiCo serve up? PepsiCo's namesake is a soda. While beverages are a very important part of the company's business, it is not the only one that investors need to watch.
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