PepsiCo, Inc. is a leading global food and beverage company with a diverse portfolio of brands, including Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. The company manufactures, markets, distributes, and sells a wide variety of beverages and convenient foods. PepsiCo serves customers and consumers in over 200 countries and territories. The company's operations are supported by authorized bottlers, contract manufacturers, and other third parties.

PepsiCo's primary competitive advantages include its strong brand portfolio, global scale, and extensive distribution network. The company is focused on innovation and invests in research and development to meet evolving consumer preferences. PepsiCo's main competitors include other multinational food and beverage companies, as well as regional and local players.

• Employees: 318,000 (as of December 30, 2023)
• Geographic Footprint: 200+ countries and territories
• Headquarters: Purchase, New York
• Founded: 1919 (Reincorporated in North Carolina in 1986)
• Revenue: $91.471 billion (FY2023)
• Key Subsidiaries/Brands: Frito-Lay North America, Quaker Foods North America, PepsiCo Beverages North America, and others. Major brands include Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream.

• CEO and Chairman of the Board: Ramon L. Laguarta
• CFO: James T. Caulfield
• Other Key Executives: David J. Flavell (Executive Vice President, General Counsel and Corporate Secretary), Marie T. Gallagher (Senior Vice President and Controller), Ram Krishnan (Chief Executive Officer, PepsiCo Beverages North America), Silviu Popovici (Chief Executive Officer, Europe), Paula Santilli (Chief Executive Officer, Latin America), Becky Schmitt (Executive Vice President and Chief Human Resources Officer), Eugene Willemsen (Chief Executive Officer, Africa, Middle East, South Asia and International Beverages), Steven Williams (Chief Executive Officer, PepsiCo Foods North America)

• Annual Revenue: $91.471 billion (FY2023)
• Net Income: $9.074 billion (FY2023)
• Total Assets: $100.495 billion (FY2023)
• Key Financial Highlights: Revenue increased 6% in FY2023, driven by effective net pricing and partially offset by decreased organic volume. Operating profit increased 4%, but operating margin declined slightly. The company returned approximately $8.2 billion to shareholders in 2023 through dividends and share repurchases.

PepsiCo offers a wide range of beverages and convenient food products. These products are categorized under several major brands, including:

• Lay's: Potato chips
• Doritos: Tortilla chips
• Cheetos: Cheese-flavored snacks
• Gatorade: Sports drinks
• Pepsi-Cola: Carbonated soft drinks
• Mountain Dew: Carbonated soft drinks
• Quaker: Oatmeal, cereals, and other breakfast foods
• SodaStream: Home carbonation systems

PepsiCo also offers various other products under different brands and through joint ventures.

PepsiCo operates through seven reportable segments:

• Frito-Lay North America (FLNA): Convenient foods in the U.S. and Canada
• Quaker Foods North America (QFNA): Convenient foods in the U.S. and Canada
• PepsiCo Beverages North America (PBNA): Beverages in the U.S. and Canada
• Latin America (LatAm): Beverages and convenient foods in Latin America
• Europe: Beverages and convenient foods in Europe
• Africa, Middle East and South Asia (AMESA): Beverages and convenient foods in the region
• Asia Pacific, Australia and New Zealand and China Region (APAC): Beverages and convenient foods in the region

Revenue breakdown by segment is not provided in the overview section, but can be found in the financial statements.

PepsiCo's current strategy is centered around pep+ (PepsiCo Positive), a strategic end-to-end transformation focused on sustainability. The strategy focuses on three pillars:

• Positive Agriculture: Expanding regenerative agriculture practices, sustainably sourcing key crops, and improving livelihoods in the agricultural supply chain.
• Positive Value Chain: Achieving net-zero emissions by 2040, becoming net water positive by 2030, and introducing more sustainable packaging.
• Positive Choices: Evolving the product portfolio to be more sustainable and healthier, including incorporating diverse ingredients, reducing added sugars and sodium, and using healthier oils.

PepsiCo operates in the highly competitive food and beverage industry. The company faces competition from large multinational corporations, as well as regional and local players. Key market trends affecting the business include evolving consumer preferences towards healthier and more sustainable products, the growth of e-commerce, and increasing consolidation in the retail sector.

• Geopolitical and Macroeconomic Uncertainty: The ongoing conflict in Ukraine and related sanctions, as well as other geopolitical events, create uncertainty in commodity markets, supply chains, and global economies, potentially impacting PepsiCo's operations and financial performance.
• Shifting Consumer Preferences: Evolving consumer preferences related to health, wellness, and sustainability can impact demand for PepsiCo's products. The company needs to continuously innovate and adapt to these changing trends.
• Supply Chain Disruptions: PepsiCo's global supply chain is vulnerable to disruptions from various factors, including natural disasters, geopolitical events, and supplier instability. These disruptions can impact production, increase costs, and interrupt product supply.
• Competition: The food and beverage industry is highly competitive, with PepsiCo facing competition from both multinational and local companies. Maintaining market share requires continuous innovation, effective marketing, and strong relationships with customers.
• Regulatory Changes: PepsiCo is subject to various regulations related to food safety, labeling, environmental protection, and other areas. Changes in these regulations, or their enforcement, can increase compliance costs and impact the company's operations.