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.
PepsiCo (NASDAQ: PEP) announced a multi-year partnership with UEFA Women's football, enhancing its commitment to the sport. The five-year agreement, effective until Summer 2025, includes sponsorship of the UEFA Women's Champions League and various youth championships. PepsiCo aims to promote women's football globally, leveraging its presence established with the UEFA Men's Champions League. The partnership reflects the growing interest in women's football and PepsiCo's strategy to support sustainable growth in this area.
PepsiCo announced a unique initiative to bring the football tailgating experience home during the COVID-19 pandemic. They transformed the front yard of a dedicated Jets fan, Cindy, into a stadium-like setting, featuring a paved parking lot, team memorabilia, and a full suite of tailgating equipment. The campaign, part of their 'Made for Football Watching' initiative, also offers 20 fans a chance to win a 'Tailgate-in-a-Box' valued at nearly $5,000, complete with Pepsi-branded gear. This effort seeks to enhance the home-gaming experience for fans unable to attend games.
PepsiCo announced the winner of its North America Greenhouse program, awarding Spudsy, a female-owned company specializing in sweet potato snacks, a $100,000 grant. Spudsy's revenue grew over 240% through the program, which provided personalized mentorship amid COVID-19 challenges. The initiative aimed to support emerging brands by addressing business challenges and enhancing eCommerce capabilities. Spudsy's mission also focuses on reducing food waste by upcycling sweet potatoes, with plans to save approximately 1 million by 2021.
On August 19, 2020, PepsiCo announced the appointment of Roberto Azevêdo as Executive Vice President and Chief Corporate Affairs Officer, effective September 1, 2020. Azevêdo, previously Director-General of the WTO, will enhance PepsiCo's engagement with global stakeholders and advance its ESG strategy. Additionally, Jim Andrew was appointed Chief Sustainability Officer, also effective September 1, succeeding Simon Lowden. Andrew will focus on PepsiCo's Sustainability Agenda and oversee the SodaStream business. PepsiCo generated over $67 billion in net revenue in 2019 with a broad product portfolio.
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PepsiCo's Cheetos brand introduces Cheetos Mac 'n Cheese, merging the beloved snack with pasta. Launching on August 8, the product will be available in three flavors: Bold & Cheesy, Flamin' Hot, and Cheesy Jalapeño, priced at 98 cents each at Walmart stores. This innovation reflects Cheetos' culinary evolution and aims to capitalize on rising home meal trends. The collaboration leverages strengths from both Frito-Lay and Quaker Foods divisions, promising unique flavor experiences.
Gatorade has announced the winners of its 2020 High School Athlete of the Year awards, recognizing Paige Bueckers as the Female Athlete and Arik Gilbert as the Male Athlete. Bueckers, a standout basketball player from Minnesota, led her team to an undefeated record and was named Naismith Girls High School Player of the Year. Meanwhile, Gilbert, a top football prospect from Georgia, secured the state title for his school. Both athletes are noted for their significant achievements and community contributions, exemplifying excellence in sports and academics.
The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.0225 per share, marking a 7% increase from the previous year. This aligns with PepsiCo's annualized dividend increase to $4.09 per share, effective from the June 2020 payment. The latest dividend will be payable on September 30, 2020, to shareholders on record as of September 4, 2020. PepsiCo has consistently paid cash dividends since 1965, celebrating its 48th consecutive annual increase in 2020.
Doritos announces the return of its iconic "Crash the Super Bowl" campaign with "Crash from Home", inviting fans to create commercials for the NFL Kickoff weekend on September 13. Participants can win $150,000 and gain exposure through Doritos' social channels. Entries are due by July 28 and winners will be announced on August 3. This initiative builds on the successful history of the original campaign, which awarded over $7 million in prizes. Additionally, Doritos and parent company PepsiCo are investing in community support initiatives, including the #AmplifyBlackVoices campaign.
PepsiCo has elected Segun Agbaje as an independent member of its Board of Directors, effective July 15, 2020. Agbaje, the current CEO of Guaranty Trust Bank, brings extensive experience in business transformation and understanding of complex markets, particularly in Sub-Saharan Africa. His appointment is part of PepsiCo's strategy to expand in this region following the acquisition of Pioneer Foods. Agbaje will also join the Audit Committee, contributing valuable insights into technology and sustainable growth.