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PepsiCo (PEP) is best known for its carbonated cola beverage, Pepsi, and its rivalry with Coca-Cola (KO). The company's expansion strategy began in 1965 with a merger between Pepsi-Cola and snack-food company Frito-Lay. As a global leader in packaged foods, snacks, and beverages, PepsiCo has used acquisitions to expand its core businesses to include a portfolio of popular brands.

As of May 2024, PepsiCo posted a market capitalization of $251 billion and a 2023 fiscal year net income of $9.16 billion. Food accounted for 59% and beverage 41% of the company's sales, with a net revenue of $91.47 billion.

PBNA includes world-famous proprietary brands like Pepsi, Gatorade, Mountain Dew, and Aquafina. It also includes partnership brands like tea variants from Lipton and coffee with Starbucks. In 2022, PepsiCo sold Tropicana, Naked, and other select juice brands to PAI Partners while retaining a 39% non-controlling interest in a newly formed joint venture, Tropicana Brands Group (TBG), operating across North America and Europe.

This division creates and distributes licensed products from Keurig Dr. Pepper, like Dr. Pepper, Crush, and Schweppes, and juices from Dole Food Company, Inc. and Ocean Spray Cranberries, Inc. PBNA accounted for 30% of net revenue for PepsiCo in 2023.

Frito-Lay resulted from the 1961 merger between the manufacturer of Fritos corn chips and the snack-food delivery company started by Herman W. Lay. Four years later, the company merged with Pepsi-Cola to form PepsiCo.

The acquisition of Frito-Lay marked Pepsi's first venture beyond the beverage market.

Frito-Lay has grown dramatically in size to become Pepsi's biggest profit producer. In fiscal year (FY) 2023, Frito-Lay North America accounted for 47% of operating profit, more than double any other division. Frito-Lay generates its profit stream from over 29 different snack brands, including Lay's, Doritos, Cheetos, Fritos, Sun Chips, Tostitos, Cracker Jack, Miss Vickie's, Rold Gold, Ruffles, Smartfood, and more.

The Quaker Oats name is more than 140 years old and was trademarked in 1877 with the U.S. Patent Office as a breakfast cereal. The company, then called German Mills American Cereal, would later merge with American oats millers to become the American Cereal Company in 1888 and the Quaker Oats Company in 1901.

In 2001, the company was acquired by Pepsi. The acquisition bolstered Pepsi's portfolio of food brands with additions such as Pearl Milling Co., Cap'n Crunch and Life cereals, and Pasta Roni. Quaker Oats also enriched PepsiCo's beverage portfolio with the sports-drink brand Gatorade. In 2023, QFNA accounted for about 3.4% of both the net revenue and operating profit of PepsiCo.

The European sector includes a range of beverages, food, and snack products. Established brands in this market include Lay’s, Doritos, Cheetos, Ruffles, Walkers, and Quaker cereals. This segment contributed 14.5% to the net revenue for PepsiCo in 2023.

AMESA contains snack brands like Lay’s, Kurkure, Chipsy, Doritos, Cheetos, and beverages like Pepsi, Mirinda, 7UP, Mountain Dew, and Aquafina. It includes partnership brands like Lipton iced tea products with Unilever (UL). This market contributed 7% to operating profit in 2023.

The LatAm division includes beverages, food, and snack products, including leading brands Toddy, Sabritas, Marias Gamesa, and Emperador. LatAm accounted for nearly 13% of PepsiCo's net revenue in 2023.

APAC manufactures and distributes many of Pepsi's largest brands, including Cheetos, Doritos, 7UP, Aquafina, and Quaker. In 2023, APAC accounted for 5% of PepsiCo's net revenue.

In 2023, food accounted for 59% of net revenue, while beverages accounted for 41%.

PepsiCo cites that 90% of crops like potatoes, whole corn, and oats are sustainably sourced globally as of 2023.

In December 2022, PepsiCo set a packaging goal that 20% of beverage servings will be delivered in reusable models by 2030.

Once a beverage company, PepsiCo began strategic acquisitions in 1965 when it purchased Frito-Lay. The company operates through seven segments to support brands, including Quaker Oats, Lipton, Doritos, and Gatorade.

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Ooni of Ife has order his daughter to go and bring a husband to daddy as she turns 30.

Princess Adeola, Aanuoluwapo, Atutunini, Bamdefe Ogunwusi, Omo Ojaja I. I am truly grateful for the fulfilling life you have lived. May God Almighty continue to be with you in all your endeavors. Amen!

When you turned 10, your father would talk to you about school and your future. At 20, he encouraged you to listen and understand the importance of morals and well-being, even as you sought independence

Now that you are 30, you are a grown woman. Your father senses that you no longer wish to be advised as independence has finally set in.

I talked 10 to you and I got your subtle independence behaviour in return, I talked 20 to you and still got your near obvious independence behaviour in return. Now I’m talking 30 to a grown woman, so go and bring husband to daddy o… With love from the throne of Oduduwa.

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Singer Jaywon has made a strong case for Diddy, as he calls out yahoo boys.

He said there is a lot to learn from this Diddy’s story. He prays you never find your self in a place where you have to apologize for things you did in your dark moments or make mistakes that will be so h%rrible to make right because even the people who are worst than you will judge and cr¥cify you. Even a yahoo boy who used his mama for r#tual will condemn you.

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The Dow, S&P 500, and Nasdaq were little changed at midday Friday after all three major indexes hit all-time highs earlier in the week amid hopes the Federal Reserve could move to lower borrowing costs.

Robinhood Markets (HOOD) shares jumped as Bank of America gave the stock a double upgrade to "buy" and raised the price target. BofA cited the online brokerage's rising retail engagement and accelerating organic growth, among other reasons for the upgrade.

Shares of Reddit (RDDT) climbed after the social media networking site announced a partnership with OpenAI to put Reddit content on OpenAI’s ChatGPT chatbot.

DuPont (DD) shares rose as Jefferies upgraded the stock and boosted the price target, noting that end-market demand and benefits of inventory restocking could boost the chemical maker’s volumes in 2025.

Cracker Barrel Old Country Store (CBRL) shares plunged to their lowest level since 2011 as the restaurant and novelty store chain slashed its dividend by 81% as part of a “strategic transformation plan” of its operations. Cracker Barrel also lowered its outlook.

Shares of meme stock darling GameStop (GME) cratered as the video game retailer said it plans to sell more shares to raise cash, and gave projections for its first-quarter results that came in below analysts' estimates.

DXC Technology (DXC) shares sank as the information technology provider announced another restructuring and gave guidance below estimates as IT spending slows. 

Oil and gold futures advanced. The yield on the 10-year Treasury note was higher. The U.S. dollar gained on the yen, but fell to the euro and pound. Prices for most major cryptocurrencies were higher.

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Take-Two Interactive Software (TTWO) shares edged higher in intraday trading Friday, a day after the video game maker said the highly anticipated latest version of its "Grand Theft Auto" franchise would be released in the fall of 2025.

Previously, it had said that “Grand Theft Auto VI," produced by subsidiary Rockstar Games, would be released sometime next year but didn't specific a timing.

Take-Two said, however, that it now anticipates fiscal 2025 net bookings to be in the range of $5.55 billion to $5.65 billion due to "a narrowing of Rockstar Games' previously established window of Calendar 2025 to Fall of Calendar 2025 for Grand Theft Auto VI."

Take-Two had predicted fiscal 2025 net bookings to be at just above $7 billion previously.

The company also announced fiscal 2024 fourth-quarter results Thursday. Net bookings fell 3% from a year ago to $1.35 billion, although that beat Wall Street analysts' forecasts, while revenue also declined 3% to $1.40 billion, also above estimates. Take-Two posted a net loss of $2.90 billion, or $17.02 per share, much more than analysts anticipated, including $2.18 billion in goodwill impairment.

Shares of Take-Two Interactive Software rose 0.5% to $146.83 as of 12:30 p.m. ET Friday, but are down 9% this year.

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