Pepsico

‘We believe consumer demand for healthier choices is there’: PepsiCo expands its use of diverse ingredients

24-Nov-2023 By Augustus Bambridge-Sutton

Ingredients such as whole grains, legumes, fruits and vegetables, nuts, seeds and plant-based protein are highly nutritious. Snacks major PepsiCo, in its shift towards expanding its ‘diverse ingredients’ portfolio, plans to produce products containing...

PepsiCo awards CHUZA winner of Greenhouse Accelerator Program Juntos Crecemos edition

13-Nov-2023 By Ryan Daily

PepsiCo awared snack brand CHUZA the grand prize for the Greenhouse Accelerator Program: Juntos Crecemos edition, as the startup plans to use the award money to expand distribution across the US, brand founder and CEO Daniel Schwarz told FoodNavigator-USA....

PepsiCo raises 2023 full-year earnings outlook on Q3 performance, Gatorade loses market share to PRIME

10-Oct-2023 By Ryan Daily

PepsiCo released its 2023 third quarter fiscal year report and beat Wall Street estimates, citing increased demand for smaller-sized snacks and healthier options, as the company faces challenges from PRIME in the sports drink category and anticipates...

Mars, PepsiCo, Kraft Heinz, and Givaudan on how AI can improve NPD

06-Oct-2023 By Augustus Bambridge-Sutton

NPD takes time. Long hours of R&D lie between an idea and a product launch. AI, however, is helping a range of major companies generate product ideas, as well as do market research and gain insights into the minds of consumers.

PepsiCo, Walmart seed $120m investment to boost regenerative agriculture

27-Jul-2023 By Ryan Daily

PepsiCo has entered into a seven-year collaboration with Walmart to invest $120m in regenerative agriculture, with a focus on boosting soil health and water quality of farms across their supply chain, Rob Meyers, VP of sustainable agriculture and global...

PepsiCo raises full-year guidance on portfolio performance, braces for challenges in sports and energy categories

13-Jul-2023 By Ryan Daily

PepsiCo beat second quarter expectations with its Frito-Lays and PepsiCo Beverages North America divisions posting double-digit organic revenue growth, but the company faces several challenges across its business, especially in the energy and sport drink...

PepsiCo reveals Greenhouse Accelerator Program: Juntos Crecemos Edition finalists

07-Jul-2023 By Ryan Daily

This week, PepsiCo announced the top 10 finalists for the Greenhouse Accelerator Program: Juntos Crecemos (Together We Grow) Edition, an accelerator program that provides Hispanic-owned food and beverage startups and innovators in the space with financial...

PepsiCo hosts groundbreaking ceremony for new Colorado Springs distribution facility

22-Jun-2023 By Rachel Arthur

PepsiCo Beverages North America (PBNA) held a ceremonial groundbreaking for its new 115,000-square-foot distribution facility in Colorado Springs, Colorado this week.

Sustainability and future-proofing the food system

Building a business case for sustainability requires bridging the gap between what consumers say and do

08-Jun-2023 By Elizabeth Crawford

Improving the sustainability of the food system is no longer optional from an optics and long-term business perspective, but short-term challenges – including consumer engagement – threaten immediate and mid-range returns and margins, complicating the...

Sustainability and future-proofing the food system

How does the food system impact the environment and what is its obligation to reduce climate change?

01-Jun-2023 By Elizabeth Crawford

With between a quarter and a third of human caused greenhouse gas emissions linked to food production and climate change intensifying to a point that its impacting how, where and when key crops are grown, improving sustainability in the food system is...

'Tell me more, tell me more': Summer loving with the US Snack Index

26-May-2023 By Gill Hyslop

The first-ever joint Frito-Lay x Quaker US Summer Snack Index shines a light on the snacking supernova and the evolving consumer preferences and habits that will enhance summer experiences.

Celsius hits $1bn brand status with PepsiCo's help

18-May-2023 By Ryan Daily

Better-for-you energy drink brand Celsius leverages its PepsiCo partnership to reach $1bn in sales while exploring how to bring consumers into the category with unique flavors, CEO John Fieldly shared during the Goldman Sachs Global Staples Forum this...

PepsiCo CEO signals softer approach on pricing for 2023, raises full-year guidance on improved productivity, elasticity

25-Apr-2023 By Ryan Daily

PepsiCo beat Wall Street expectations for its first quarter 2023 earnings due to strong margin growth while backing off potential future price increases to combat inflation and other supply chain issues, the company's Chairman and CEO Ramon Laguarta...

PepsiCo dedicates 2023 Greenhouse Accelerator Program to Hispanic food, beverage brands

12-Apr-2023 By Ryan Daily

PepsiCo is dedicating its annual small business Greenhouse Accelerator Program to Hispanic-owned food and beverage companies with the first Juntos Crecemos edition, as the CPG leader continues to progress on its Racial Equality Journey initiative, Antonio...

Frito-Lay, Quaker open greenhouse to speed up sustainable packaging innovation

10-Apr-2023 By Ryan Daily

PepsiCo is speeding up innovation in sustainable packaging with a new greenhouse learning center for Frito-Lay and Quaker Oats located in Plano, Texas, as the company looks to progress initiatives outlined in its pep+ program.

Soda wars heat up: Pepsi rebrands iconic soda line with focus on zero sugar

29-Mar-2023 By Ryan Daily

In a further shake-up to PepsiCo's beverage line, the company rebranded its namesake product for the first time in 14 years as the competition with its rival Coca-Cola heats up in the zero-sugar soda space.

PepsiCo bolsters pep+ framework with $216m investment in regenerative agriculture

23-Mar-2023 By Ryan Daily

PepsiCo is investing $216m in a strategic partnership with three farmer organizations, including the Illinois Corn Growers Association, Practical Farmers of Iowa, and Soil and Water Outcomes Fund, to boost regenerative agriculture practices in the US...

Tostitos triples up on cheese in expansion of its chip line

15-Mar-2023 By Ryan Daily

With the launch of its latest Tostitos flavor — Mexican Style Three Cheese — PepsiCo is advancing its proposition to elevate its chips beyond a side to the center of the plate.

PepsiCo moves in on mealtimes, puts ‘zero sugar at the center of portfolio transformation’

23-Feb-2023 By Ryan Daily

As the beverage and snack leader looks to expand its global market share and profits in the coming years, PepsiCo sees an opportunity to grow the company by homing in on meal occasions, tapping into health and better-for-you consumer trends, and optimizing...

PepsiCo leans on new flavors, double-digit marketing to enhance consumers’ value perception, justify price increases

10-Feb-2023 By Elizabeth Crawford

Through a combination of new flavor and product launches, boosting advertising and marketing, and integrating purpose throughout the organization, PepsiCo expects to build on a strong fourth quarter and deliver upwards of 6% organic revenue growth in...

PepsiCo reformulates Pepsi Zero Sugar, replaces Sierra Mist with STARRY in New Year shake-up

13-Jan-2023 By Ryan Daily

To kick start 2023, PepsiCo this week freshened up its beverage line-up, unveiling a new formulation for Pepsi Zero Sugar and releasing STARRY, a lemon lime-flavored soda that is replacing Sierra Mist.

Layoffs in food industry mount as PepsiCo joins Coca-Cola, General Mills, Walmart and others in cost-savings and restructuring efforts

06-Dec-2022 By Elizabeth Crawford

PepsiCo this week joins the ranks of food manufacturers, retailers and delivery companies laying off employees or offering buyouts to reduce their workforce and offset inflationary pressures even as the consumer packaged goods industry overall struggles...

PepsiCo to increase reusable beverage packaging

05-Dec-2022 By Rachel Arthur

PepsiCo wants to see 20% of its beverages served via reusable models by 2030: highlighting the four approaches it will focus on to achieve this goal.

Gatorade introduces new gummies, overshadowed by bottle

17-Oct-2022 By Danielle Masterson

As part of an effort to expand its ‘beyond-the-beverage’ Gx System product portfolio, Gatorade recently entered the dietary supplement space by unleashing two functional gummy products, an updated app, and a smart bottle that lights up and connects to...

What's next for Bang Energy? 'At least in the short term, Bang Energy will not be going out of business'

14-Oct-2022 By Mary Ellen Shoup

After filing for protection under the Chapter 11 Bankruptcy Code earlier this week, Vital Pharmaceuticals, Inc (VPX Sports), the parent company of Bang Energy, has a challenging road ahead. But its most recent financial misfortune isn't the final...

'We’re capable of taking whatever pricing we need...' PepsiCo confidently raises prices as shoppers seek ‘small moments of pleasure’

13-Oct-2022 By Elizabeth Crawford

PepsiCo continues to raise the prices of its snacks and beverages with confidence despite some handwringing by analysts about whether elasticities, which remain at historic lows, soon will begin to give as inflation continues to squeeze consumers across...

'Our culture compels us to act,' ADM and PepsiCo strike regenerative agriculture agreement

15-Sep-2022 By Mary Ellen Shoup

ADM and PepsiCo have entered a 7.5-year strategic commercial agreement to expand regenerative agriculture across its North American supply chains, reaching up to 2 million acres by 2030.

From regenerative ag to reformulation: A deep-dive into how PepsiCo is ‘reimagining the way food is grown, made and enjoyed’

07-Sep-2022 By Katy Askew

Since the launch of its strategic ‘end-to-end’ transformation agenda, dubbed Pep+, the company has hit a number of milestones on topics ranging from regenerative agriculture to reformulation. FoodNavigator catches up with Katharina Stenholm, Chief Sustainability...

Gatorade debuts Fast Twitch, the 'go-to energy drink option designed for athletes'

02-Sep-2022 By Mary Ellen Shoup

Gatorade is preparing for a massive 2023 rollout of energy drink brand Fast Twitch, designed for athletic performance with 200mg of caffeine, B vitamins, and electrolytes.

PepsiCo takes 20% stake in spring water brand Aqua Carpatica

02-Aug-2022 By Rachel Arthur

PepsiCo will take a 20% equity stake in Romanian spring water brand Aqua Carpatica: eying up the potential to expand the brand to the US and other markets.

PepsiCo invests in ‘category defining’ energy drink Celsius

02-Aug-2022 By Rachel Arthur

PepsiCo is making a $550m investment in functional energy drink Celsius: further boosting its focus on the energy category and eying up a shared opportunity to drive growth and innovation in the sector.

PepsiCo wins appeal in Mtn Dew Rise Energy trademark challenge

26-Jul-2022 By Rachel Arthur

PepsiCo’s Mtn Dew Energy is free to use the word ‘Rise’ with its drinks again, after a preliminary injunction was vacated.

PepsiCo to create its largest US beverage manufacturing facility in Denver

18-Jul-2022 By Rachel Arthur

PepsiCo Beverages North America (PBNA) has announced plans to build its largest, most sustainable plant in the US in Denver.

PepsiCo braces for higher inflation, elasticity shift even as it beats sales expectations

12-Jul-2022 By Elizabeth Crawford

Even though PepsiCo beat Wall Street expectations in its second quarter and saw organic revenue growth soar 13%, prompting it to bump-up its full-year revenue expectations, the beverage and snack giant stopped short of also raising its earnings per share...

PepsiCo makes progress on regenerative agriculture and nutrition commitments

11-Jul-2022 By Mary Ellen Shoup

PepsiCo has made progress in a number of areas of its business around regenerative agriculture and nutrition targets under its PepsiCo Positive (pep+) plan, the company's ESG program launched last year.

Frito-Lay: Flavor combinations and discovery drive snacking purchases

29-Jun-2022 By Mary Ellen Shoup

Consumers have heightened interest in flavor twists and combinations (e.g. salty & sweet, tangy & spicy) and are less driven by brand recognition and familiarity when it comes to their snacking purchases, finds Frito-Lay North America in its recent...

PepsiCo sees oat genome unlocking gains for nutrition and sustainability: 'The mighty oat can play a big role in nutrition'

11-May-2022 By Katy Askew

PepsiCo is working alongside academia and other partners to develop our understanding of the oat genome for use in open-source applications. The company believes this can unlock gains in the fields of health and sustainability.

Mondelez, PepsiCo profits hit as Russia invasion of Ukraine hinders production, sales

27-Apr-2022 By Elizabeth Crawford

Russia’s ongoing invasion of Ukraine is taking a toll on major CPG companies, including PepisCo and Mondelez, both of which reported a hit to annual profits yesterday due to restricted production and sales in the countries and surrounding area as well...

PepsiCo more than doubles revenue growth with framework prioritizing sustainability

02-Mar-2022 By Elizabeth Crawford

PepsiCo is already hitting notable milestones and reaping financial benefits from its ambitious pep+ plan announced last fall that places sustainability at the center of how the CPG giant says it will create value and drive growth, according to CEO Ramon...

Nitro Pepsi launches in the US: ‘We’re reimagining the cola category!’

24-Feb-2022 By Rachel Arthur

Nitro Pepsi – which uses nitro tech to create a drink which departs from traditional soda in terms of look, taste and drinking experience – will launch in the US next month. “Much like how nitrogen has transformed the beer and coffee categories, we believe...

PepsiCo launches hemp energy drink in the US, carving out new direction for the category

01-Feb-2022 By Rachel Arthur

PepsiCo’s energy drink Rockstar is launching Rockstar Unplugged: ‘a new kind of energy drink which focuses less on providing a big hit of energy and more focus on enhancing good vibes’.

‘This is an opportunity to re-invent flexible plastic’: PepsiCo to cut virgin plastic from its chip bags by 2030

28-Jan-2022 By Katy Askew

By 2030 PepsiCo Europe wants to have eliminated virgin fossil-based plastics from all its chip and crisp bags. FoodNavigator learns more about how the snack giant plans to deliver on this ambition.

Is Coca-Cola’s acquisition of BodyArmor enough to topple PepsiCo’s Gatorade from the top slot?

02-Nov-2021 By Elizabeth Crawford

The Coca-Cola Co. appears to be making a run for the pole position in the fast-growing sports performance and hydration category with the $5.6bn acquisition of the remaining stake of BodyArmor announced yesterday – but is the deal enough to topple PepsiCo’s...

PepsiCo Foods VP of Sustainability: 'Consumers want to be part of the solution'

22-Oct-2021 By Mary Ellen Shoup

PepsiCo's $18bn Frito-Lay food division is making strong strides towards its "bold and important" sustainable packaging goals to make every bag across its snack portfolio recyclable, compostable, biodegradable or reusable by 2025, shares...

PepsiCo plots additional price hikes, but remains optimistic about consumers' willingness to pay more

05-Oct-2021 By Elizabeth Crawford

Higher prices for popular PepsiCo beverages and snacks currently rolling out in stores now and in the coming weeks are likely only the beginning, as the CPG giant revealed today that it is mulling another round of increases that will likely go into effect...

NEWS IN BRIEF

PepsiCo's Off The Eeaten Path launches industrially-compostable bags

24-Sep-2021 By Mary Ellen Shoup

PepsiCo's Frito-Lay North America division introduced an industrially-compostable bag for select products of its Off The Eaten Path better-for-you snack brand as part of its newly-launched pep+ sustainability program.

Targeted, hyperlocal, personalized… PepsiCo mines data to help retail partners boost sales via new pepviz platform

19-Sep-2021 By Elaine Watson

PepsiCo has unveiled a new data platform dubbed ‘pepviz’ enabling it to collaborate with retail partners to develop a more granular, targeted, and ‘hyperlocal’ approach to product assortment, digital marketing and inventory management that has already...

PepsiCo to scale up SodaStream business globally in sustainability drive

16-Sep-2021 By Rachel Arthur

PepsiCo’s new SodaStream Professional platform will expand into functional beverages and new markets as part of PepsiCo’s company-wide pep+ program: a ‘strategic end-to-end transformation with sustainability at the center’.

PepsiCo to become ‘net water positive’ by 2030: ‘Time is running out for the world to act on water’

17-Aug-2021 By Katy Askew

PepsiCo wants to become ‘net water positive’ by 2030, meaning the beverage giant will replenish more water than it uses to produce its food and beverage brands.

PepsiCo divestment of Tropicana, Naked Juice reflects evolving focus on zero-calorie beverages, water

03-Aug-2021 By Elizabeth Crawford

PepsiCo’s sale of a majority stake of its North American juice portfolio to private equity firm PAI announced this morning is the latest in a string of high-profile beverage sales that reflect shifting industry and consumer priorities, including pressure...