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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.
PepsiCo (NASDAQ: PEP) is a well-known company and most investors probably have a good understanding of what it does. Right now, the dividend yield on PepsiCo stock is a historically high 3.6% ...
Chief Financial Officer Hugh Johnston told Reuters that PepsiCo had to "scramble" to overcome a shortage of cans and Gatorade bottles in the last few months as demand for its beverages jumped at ...
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.
Four years later in 1965, Frito-Lay, Inc. merged with the Pepsi-Cola Company to form PepsiCo. Its presence in Canada began sometime in the late 1960s as Frito-Lay Canada as a subsidiary of PepsiCo. A partnership to distribute snack foods developed between Hostess Food Products and Frito-Lay in 1987 and the merger was completed in 1988.
PepsiAmericas, Inc. was the world's second-largest bottler of Pepsi-Cola products, under contract with product owner PepsiCo. PepsiAmericas also held contracts to produce beverages for Dr Pepper Snapple Group and smaller regional brands. PepsiAmericas had 19 bottling plants in the United States and had a presence in 11 countries in Central ...
PepsiCo’s assumption and guidance imply that 2024 adjusted EPS of at least $8.15 (consensus $8.15) will be a 7% increase year over year. The company continues to expect total cash returns to ...
PBG had the exclusive right to manufacture, sell and distribute Pepsi-Cola beverages in all or a portion of 43 states, the District of Columbia, nine Canadian provinces, Spain, Greece, Russia, Turkey and Mexico. Approximately 70 percent of PBG's volume was sold in the United States and Canada. Pepsi Bottling Group was based in Somers, New York.