PepsiCo Inc. is a multinational food and beverage corporation. It is to have multiple brands in various parts of the world. Its numerous brands market and distribute products in over 200 countries and territories. Frito-Lay is a North American company that sells branded snack foods, such as Cheetos cheese-flavored snacks, Frito’s corn chips, Ruffles potato chips, and Tostito’s tortilla chips. Quaker also has a presence in North America, selling cereals, pasta, and other branded products. PepsiCo Beverages, also present in North America, provides its customers with beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Tropicana, Pepsi, and Propel.
Asia Pacific, Australia, New Zealand, and China Region (APAC), Africa, Middle East, and South Asia Region (AMESA), Europe, and Latin America Region (Lat Am) all sell snack foods, similar to Quaker. They produce, market, distribute, and sell their products to various regions and countries worldwide, independently or in collaboration with third parties. Lat Am, in partnership with Unilever, also sells ready-to-drink tea products under the Lipton brand.
Everything PepsiCo Inc. does, according to management, is motivated by a strategy known as Winning with Purpose. The system directs the company toward accelerated and sustainable growth. All of this is geared toward achieving the goal of becoming the global leader in Convenient Foods and Beverages and the mission of bringing more smiles to people with every sip and bite. They suggested that the company continue to focus on becoming faster, stronger, and better to achieve long-term success.
It was discovered that operating profits decreased by 2%, and the operating profit margin decreased by 1% in 2020 (“Inline XBRL viewer,” n.d.). Due to Covid 19 preferences, customer preferences changed dramatically during this fiscal year, resulting in lower sales. The company believes that working to become stronger, faster, and better will maximize sales and profits, allowing it to achieve long-term success.
According to Yahoo Finance, the stock’s market price per share is 156.95+1.99 (+1.28 percent) as of 3:33 PM EDT (“Pepsico, Inc. (PEP) stock price, news, quote & history,” n.d.).
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References
Inline XBRL viewer. (n.d.). SEC.gov. Web.
Pepsico, Inc. (PEP) stock price, news, quote & history. (n.d.). Yahoo Finance – Stock Market Live, Quotes, Business & Finance News.