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PepsiCo is a leading global company specializing in convenient food and beverage products, operating in over 200 countries and territories . The company boasts a diverse portfolio of well-known brands, including Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream . PepsiCo's business is structured into seven reportable segments, generating revenue from both beverage and convenient food products .
- PepsiCo Beverages North America (PBNA) - Produces and distributes a wide range of beverage products, including popular brands like Pepsi-Cola and Mountain Dew, through company-owned bottlers and authorized partners.
- Frito-Lay North America (FLNA) - Manufactures and markets snack foods such as Lay’s, Doritos, and Cheetos, catering to the North American market.
- Quaker Foods North America (QFNA) - Offers a variety of convenient food products, including cereals and snacks, under the Quaker brand.
- Latin America (LatAm) - Manages the production and distribution of PepsiCo's food and beverage products across Latin American countries.
- Europe - Oversees the operations and sales of PepsiCo's diverse product portfolio throughout European markets.
- Africa, Middle East and South Asia (AMESA) - Handles the distribution and marketing of PepsiCo's food and beverage offerings in the AMESA region.
- Asia Pacific, Australia and New Zealand and China region (APAC) - Focuses on delivering PepsiCo's products to consumers in the APAC region, including Australia, New Zealand, and China.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Ramon L. Laguarta ExecutiveBoard | Chairman and CEO | Director at Visa Inc.; Co-Chair of the World Economic Forum\u2019s Food Systems Initiative | Joined PepsiCo in 1996; became CEO in 2018 and Chairman in 2019; has held multiple leadership roles globally, including President of PepsiCo. | |
Becky Schmitt Executive | EVP and Chief People Officer | None | Joined PepsiCo in June 2023; previously EVP and Chief People Officer at Cognizant Technology Solutions and held HR leadership roles at Walmart. | |
David J. Flavell Executive | EVP, General Counsel, and Corporate Secretary | None | Joined PepsiCo in 2011; has held various legal leadership roles globally, including Chief Compliance & Ethics Officer. | |
Eugene Willemsen Executive | CEO, International Franchise Beverages | None | Joined PepsiCo in 1995; previously CEO of Africa, Middle East, and South Asia; has extensive experience in global categories and franchise management. | |
James T. Caulfield Executive | EVP and CFO | None | Joined PepsiCo in 1993; became CFO in November 2023; previously CFO of PepsiCo Foods North America and SVP of Investor Relations. | |
Marie T. Gallagher Executive | SVP and Controller (Principal Accounting Officer) | None | Joined PepsiCo in 2005; has served as SVP and Controller since 2011; retiring in May 2025. | |
Paula Santilli Executive | CEO, Latin America Foods | None | Joined PepsiCo in 2001; previously CEO of Latin America; has held leadership roles in Mexico Foods and Quaker Oats. | |
Silviu Popovici Executive | CEO, Europe, Middle East, and Africa | None | Joined PepsiCo in 2011; previously CEO of Europe and Sub-Saharan Africa; has led significant growth initiatives in Europe. | |
Steven Williams Executive | CEO, North America | None | Joined PepsiCo in 2001; previously CEO of PepsiCo Foods North America; has driven growth in snacks and sustainability initiatives. | |
Alberto Weisser Board | Director | Director at Bayer AG and Linde Plc; Member of Americas Advisory Panel of Temasek International. | Joined PepsiCo's Board in 2011; former CEO of Bunge Limited. | |
Cesar Conde Board | Director | Chairman of NBCUniversal News Group; Director at Walmart Inc.; Board member at Council on Foreign Relations and Aspen Institute. | Joined PepsiCo's Board in 2020; brings expertise in global media and business strategy. | |
Daniel Vasella Board | Director | Director at American Express Company and SciClone Pharmaceuticals; Board member at private companies. | Joined PepsiCo's Board in 2002; former Chairman and CEO of Novartis AG. | |
Darren Walker Board | Director | President of Ford Foundation; Director at Ralph Lauren Corporation and Bloomberg, Inc.; Board member at National Gallery of Art and Carnegie Hall. | Joined PepsiCo's Board in 2016; brings expertise in philanthropy, diversity, and public policy. | |
David C. Page Board | Director | Professor at MIT; Investigator at Howard Hughes Medical Institute; Chair of Harvard Medical School Visiting Committee. | Joined PepsiCo's Board in 2014; brings expertise in health, nutrition, and biomedical research. | |
Dina Dublon Board | Director | Director at T. Rowe Price Group, Inc.; Chair of Columbia University Mailman School of Public Health Board of Advisors. | Joined PepsiCo's Board in 2005; former CFO of JPMorgan Chase & Co.. | |
Edith W. Cooper Board | Director | Director at Amazon.com, Inc.; Co-founder of Medley; Board member at MoMA, Smithsonian National Museum of African American History and Culture, and Mount Sinai Hospital. | Joined PepsiCo's Board in 2021; former EVP and Global Head of Human Capital Management at Goldman Sachs. | |
Ian M. Cook Board | Presiding Director | Trustee at University of Puget Sound; Chair of Board of Visitors, University of Minnesota Medical School. | Joined PepsiCo's Board in 2008; former Chairman and CEO of Colgate-Palmolive. | |
Michelle Gass Board | Director | CEO of Levi Strauss & Co.; Board member at Retail Industry Leaders Association and National Retail Federation. | Joined PepsiCo's Board in 2019; former CEO of Kohl's Corporation. | |
Robert C. Pohlad Board | Director | President of Pohlad Holdings; Chair of University of Puget Sound Board of Trustees and University of Minnesota Medical School Board of Visitors. | Joined PepsiCo's Board in 2015; former Chairman and CEO of PepsiAmericas, Inc.. |
- Given the recent volume declines in the Frito-Lay North America business and the need for investments to stimulate consumer demand, how do you plan to balance these reinvestments with margin pressures to ensure sustainable growth in both revenue and profitability?
- With geopolitical tensions and weaker consumer demand impacting key international markets like China, Mexico, and the Middle East, what specific strategies are you implementing to mitigate these challenges and drive growth in your international convenience foods segment?
- As you invest in pricing and strategic initiatives to address slowdown in your snacks business, how are you assessing whether the decline is purely cyclical due to consumer affordability pressures or indicative of a more structural shift in consumption habits away from traditional snack categories?
- Considering the recent slowdown in the energy drink category and the decreased momentum of CELSIUS within your portfolio, what actions are you taking to reignite growth in this segment, and how confident are you in CELSIUS regaining its market share under PepsiCo's distribution system?
- If organic revenue growth remains in the low single digits, can you realistically achieve your target of 8% EPS growth, and what specific levers in cost management and productivity initiatives do you plan to utilize to deliver on earnings in a potentially prolonged challenging revenue environment?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
In many countries, including the United States, this company is identified as the primary beverage competitor. It holds a significant carbonated soft drink (CSD) share advantage in many markets outside the United States. In 2024, it represented approximately 21% of the U.S. liquid refreshment beverage category by estimated retail sales in measured channels, compared to PepsiCo's 18% share. | |
This company is listed as a competitor in the beverage and convenient food categories, operating in multiple geographies. | |
This company competes in the convenient food category and operates in multiple geographies. | |
This company is identified as a competitor in the convenient food category. | |
This company is mentioned as a competitor in the convenient food category. | |
This company is listed as a competitor in the beverage category and operates in multiple geographies. | |
This company competes in the convenient food category. | |
Link Snacks, Inc. | This company is mentioned as a competitor in the convenient food category. |
This company is identified as a competitor in the convenient food category. | |
This company is listed as a competitor in the beverage category. | |
Nestlé S.A. | This company is mentioned as a competitor in both the beverage and convenient food categories. |
Primo Brands Corporation | This company is identified as a competitor in the beverage category. |
Red Bull GmbH | This company is listed as a competitor in the beverage category. |
This company is mentioned as a competitor in the convenient food category. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Walmart Inc. (including Sam’s Club) | Major retailer and distributor of PepsiCo products | All | In 2023, the customer accounted for 14% of consolidated net revenue. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Garza Food Ventures LLC (dba Siete Foods) | 2025 | Completed on January 17, 2025 for $1.2 billion, this acquisition supports PepsiCo's strategy to expand its range of nutritious and simple food options by adding a Mexican-American food brand known for its diverse product line available in over 40,000 retailers. |
Sabra Dipping Company and Obela | 2024 | Announced on November 22, 2024, PepsiCo acquired the remaining 50% interest in both Sabra Dipping Company and Obela—transitioning these from a joint venture to full ownership—to bolster its positive choice portfolio and expanded presence in key markets, including the U.S., Australia, New Zealand, and Mexico. |
Recent press releases and 8-K filings for PEP.
- Q1 2025 Performance: GAAP EPS of $1.33 with a 10% decline amid challenging geopolitical and macroeconomic conditions .
- Guidance Update: Revised full-year outlook expects low-single-digit organic revenue growth and core constant currency EPS approximately flat YoY, factoring in a 3-percentage-point FX headwind, tariff pressures, and subdued Frito North America performance .
- Dividend Increase: A 5% increase in the annualized dividend per share beginning June 2025 marks the 53rd consecutive annual rise .
- Frito Business Transformation: Continued investments in improved price pack architecture and operational excellence are underway to drive long-term growth despite early-stage strategy rollout .
- International Performance: Solid mid-single-digit growth was delivered internationally, with challenges in China and Mexico while Europe, India, and Brazil show positive trends .
- Strategic Segmentation: Recast segment results now clearly differentiate international and North American operations, emphasizing a focused approach leveraging scale and technology .
- PepsiCo has entered into a definitive agreement to acquire poppi for a total consideration of $1.95 billion (net $1.65 billion after anticipated cash tax benefits).
- The acquisition will add a fast-growing prebiotic soda brand, known for its low calorie content and no more than 5 grams of sugar per serving, to PepsiCo’s portfolio as part of its strategic innovation and better-for-you offerings.
- The deal includes potential earnout provisions based on achieving specified performance milestones and is subject to customary closing conditions.