PepsiCo
PepsiCo, Inc. is an American multinational food and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. As of January 2021, the company possesses 23 brands that each have over $1 billion in sales annually, with annual net revenues of over US$70 billion, making it the second-largest food and beverage business in the world based on net revenue, profit, and market capitalization, behind Nestlé.
- headquarters
- Harrison, New York (hamlet of Purchase)
- field
- Food and beverage
- nationality
- American
- known_for
- Pepsi Cola, Frito-Lay, Gatorade, and the cola wars with Coca-Cola
Lore & Background
The trademark and recipe were purchased by Craven Holding Corporation, and later by Roy Megargel and Charles Guth, who used Loft, Incorporated's resources to reformulate and promote Pepsi.
Reader's Guide
PepsiCo's significance lies in its evolution from a single soft drink into a diversified global food and beverage conglomerate. Its flagship product, Pepsi Cola, has been engaged in a generations-long rivalry with Coca-Cola, 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. PepsiCo has also faced criticism over poor working conditions, deforestation, use of genetically modified ingredients, significant water usage, pesticide residue, plastic pollution, carbon dioxide emissions, and poor product nutrition. In 2024, PepsiCo was the second-highest producer of branded plastic pollution globally. The company's legacy includes its role in shaping the modern snack and beverage industry, as well as ongoing debates about corporate responsibility and environmental impact.
Did You Know?
- As of January 2021, the company possesses 23 brands that each have over $1 billion in sales annually.
- In 2024, PepsiCo was the second-highest producer of branded plastic pollution globally.
- PepsiCo's flagship product, Pepsi Cola, has been engaged in a rivalry for generations with Coca-Cola, known as the cola wars.
Frequently Asked Questions
What is PepsiCo and what does it do?
PepsiCo is an American multinational corporation that manufactures, distributes, and markets food and beverage products in more than 200 countries and territories. It operates in the food and beverage sector and is headquartered in Harrison, New York.
Which brands are most associated with PepsiCo?
Its best-known names include Pepsi Cola, Frito-Lay snacks, and Gatorade sports drink. As of January 2021, the company holds 23 brands that each clear the $1 billion annual sales threshold.
How does PepsiCo rank among global food and beverage companies?
With annual net revenues exceeding US$70 billion, PepsiCo sits as the second-largest food and beverage business in the world by net revenue, profit, and market capitalization. It is most frequently contrasted with Coca-Cola in the long-running cola wars.
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