Pepsico Inc Stock Price, News & Analysis

Gatorade has named Chet Holmgren from Minnehaha Academy as the 2020-21 National Boys Basketball Player of the Year. Holmgren, a 7-foot-1 center, led his team to a 20-1 record and the state championship, averaging 20.8 points, 12.6 rebounds, and 4.7 blocks per game. A McDonald's All-American, he has signed with Gonzaga University. The award recognizes his athletic excellence, academic achievement, and community service. Holmgren is compared to elite players and is expected to be a top pick in the 2022 NBA Draft, joining a legacy of notable past winners.

Frito-Lay, a division of PepsiCo, is investing $200 million in its Rosenberg, Texas facility to add manufacturing lines for Funyuns and tortilla chips and expand warehouse capacity. This project, expected to be completed by 2023, will create 160 new full-time jobs. The Rosenberg site, the largest Frito-Lay facility in Texas, currently employs over 750 staff and produces more than 117 million pounds of snacks annually. This follows a prior $138 million investment in 2019 that enhanced the facility's capabilities.

Gatorade has announced Saniya Rivers from Eugene Ashley High School as the 2020-21 Gatorade National Girls Basketball Player of the Year. Rivers, a standout athlete, averaged 36.8 points, 11.5 rebounds, and 5.1 assists per game, leading her team to a 15-2 record. This prestigious award is based on athletic excellence, academic achievement, and character. Rivers, ranked the No. 2 prospect in the Class of 2021, will play at the University of South Carolina. Previous winners include many notable athletes, highlighting the award's significance.

Gatorade has named Jaxson Dart of Corner Canyon High School as the 2020-21 Gatorade National Football Player of the Year. Dart was recognized for his impressive on-field performance, passing for 4,691 yards and 67 touchdowns, while also rushing for 1,195 yards and leading his team to a 14-0 record and a state championship. The selection committee chose Dart from over one million players, noting his academic achievements and character. Dart has committed to play football at USC, joining a legacy of notable Gatorade winners.

On May 24, 2021, Ruffles®, the official chip of the NBA, launched its second signature shoe, The Ruffles® Armored Ridge Tops, coinciding with the NBA playoffs. Featuring rapper T-Pain courtside, the exclusive, custom sneakers are not available for purchase but can be won through a giveaway. Participants can visit RufflesSneakers.com for details. Ruffles is part of PepsiCo's Frito-Lay division, which generates $17 billion in revenue, showcasing PepsiCo's strong presence in the snack industry.

Frito-Lay's latest U.S. Snack Index reveals a significant shift in consumer behavior ahead of Memorial Day, with 80% of adults planning outdoor activities compared to 2020's stay-at-home trend. Salty snacks contribute significantly to retail growth, essential for summer gatherings. Key findings include a 14-point rise in in-person snack purchases and a 73% year-over-year increase in online snack sales. Consumers increasingly prefer new, bold flavors, especially among younger demographics. Frito-Lay anticipates eCommerce to double by 2025 as pandemic habits continue.

PepsiCo, Inc. (NASDAQ: PEP) announced that it will release its second quarter 2021 financial results on July 13, 2021. The earnings will be available on its investor relations website at www.pepsico.com/investors. Key highlights include a press release and 10-Q filing at 6:00 a.m. EDT, management remarks at 6:30 a.m. EDT, and a live Q&A session starting at 8:15 a.m. EDT with CEO Ramon Laguarta and CFO Hugh Johnston. PepsiCo generated over $70 billion in net revenue in 2020, showcasing a robust portfolio of brands.

Gatorade has awarded Ally Batenhorst from Seven Lakes High School, Katy, Texas, the 2020-21 Gatorade National Volleyball Player of the Year. Batenhorst, a standout athlete with a 4.11 GPA, led her team to a 25-1 record and state championship, recording 574 kills and 371 digs. The award recognizes excellence in athletics, academics, and character, with a selection panel evaluating nearly half a million volleyball players. Batenhorst will play at the University of Nebraska, joining a prestigious list of past winners.

PepsiCo has appointed C.D. Glin as Vice President, Global Head of Philanthropy for The PepsiCo Foundation, effective May 17, 2021. Glin previously served as President and CEO of the U.S. African Development Foundation, where he oversaw the distribution of over $150 million to grassroots organizations. His role at PepsiCo will focus on enhancing sustainability in food systems and leading initiatives in Nutrition, Water, and Economic Resilience. PepsiCo's Foundation has previously invested $71 million in pandemic relief, providing support to over 1,000 communities globally.