Welcome to our dedicated page for Pepsico news (Ticker: PEP), a resource for investors and traders seeking the latest updates and insights on Pepsico stock.
PepsiCo, Inc. reports developments across a global beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. Recurring news covers brand innovation, Gatorade hydration science, sports and consumer campaigns, supply-chain and go-to-market technology, and updates tied to the company's international operations.
Company announcements also cover dividend actions, annual meeting communications, and PepsiCo Positive initiatives involving renewable energy, fertilizer decarbonization, and broader value-chain sustainability programs. These updates reflect the company's mix of packaged foods, carbonated soft drinks, sports hydration, and other beverage categories sold across global markets.
EVOLVE has partnered with One Tree Planted to support urban tree planting in NYC, LA, and Chicago, coinciding with World Environment Day. Participants can enter a contest to win $10,000 for their environmental initiatives by posting videos on social media. For each entry, EVOLVE will donate $1 to One Tree Planted, up to $5,000. Additionally, EVOLVE commits to planting $100,000 worth of trees this year. The partnership reflects EVOLVE’s commitment to sustainability and enhancing urban environments through tree planting efforts.
Tostitos, a brand under PepsiCo, has launched its "Don't Miss the Good Stuff" campaign to combat FOMO (Fear of Missing Out) this summer. The campaign features actor Dan Levy and introduces a limited-edition "No Mo' FOMO" chip kit, consisting of popular flavors like Hint of Spicy Queso and Habanero. Additionally, Tostitos has created an interactive Snapchat game titled "FOMO or F No!" to engage consumers around party experiences. The campaign kicks off with a commercial during the MTV Movie & TV Awards on June 5, 2022, promoting social gatherings with Tostitos.
Frito-Lay, a division of PepsiCo, has announced significant enhancements to driver recruitment and retention, targeting nearly 20,000 drivers. The company boasts an industry-low attrition rate of less than 20%, and 90% of trips are completed the same day. Key benefits include competitive salaries, immediate health insurance, 401k with employer match, and educational assistance. Frito-Lay's commitment to workforce development was recognized by the U.S. Department of Transportation during the White House's 90-day challenge to improve apprenticeship programs in the trucking industry.
PepsiCo, Inc. (NASDAQ: PEP) announced the timing for its second quarter 2022 financial results on July 12, 2022. The company will release its earnings at approximately 6:00 a.m. EDT, followed by prepared management remarks at 6:30 a.m. EDT. A live Q&A session with CEO Ramon Laguarta and CFO Hugh Johnston will take place at 8:15 a.m. EDT. PepsiCo generated over $79 billion in net revenue in 2021 and aims to lead in beverages and convenient foods through its pep+ sustainability initiative.
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Doritos is launching a unique virtual concert, "Live From The Upside Down," in partnership with Netflix, scheduled for June 23, 2022, to celebrate the premiere of Stranger Things 4. The concert will feature iconic '80s artists like The Go-Go's, Corey Hart, and Soft Cell, with Charli XCX as a special guest. Fans can gain access by purchasing limited-edition Doritos bags. Additionally, a new flavor, Doritos 3D Crunch Three Cheese, will be released. Exclusive merchandise will also be available for purchase to enhance the concert experience.
The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.15 per share, reflecting a 7% increase from the previous year. This dividend aligns with the company's increase in its annualized dividend to $4.60 per share, effective June 2022. The dividend is scheduled for payment on June 30, 2022, to shareholders of record by the close of business on June 3, 2022. This marks the 50th consecutive annual dividend increase for PepsiCo, which has consistently paid dividends since 1965.
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PepsiCo has expanded its "Team of Champions" initiative with the addition of 16 organizations, enhancing access to soccer for underserved communities, particularly Black and Hispanic youth. The company has committed $1 million over three years to support teams with equipment, coaching, and education. This year introduces the "Access for Champions" program to help students pursue athletic scholarships. The initiative aligns with PepsiCo's broader Racial Equality Journey, which aims for long-term community changes and increased representation in sports.