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PepsiCo is a famous global food and beverage corporation with a wide range of products from 22 brands, each generating $1 billion in retail sales annually. Founded in 1965 as the result of a merger between Pepsi-Cola and Frito-Lay, the company takes its name after their most popular brand Pepsi. The company also operates such world-famous brands as Lays, Tropicana, Quaker and Performance. Traded on the NYSE, PepsiCo is included into the S&P 100 and the S&P 500 components. All-in-all the company’s team comprises 274,000 people.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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