PepsiCo is the world's second leading producer of snack foods and beverages including Pepsi soda. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. PepsiCo brands are available in nearly 200 countries and territories.
Major Frito-Lay products include Lay's potato chips, Doritos tortilla chips, Tostitos tortilla chips, Cheetos cheese flavored snacks, Fritos corn chips, Ruffles potato chips. Lay's potato chips are the No. 1 snack food brand in America.
Pepsi beverage brands include Aquafina, Diet Mountain Dew, Diet Pepsi, Gatorade, Mountain Dew, Pepsi, Propel and Tropicana.
Pepsico Beverages North America also makes, markets, distributes and sells ready-to-drink tea and coffee products through joint ventures with Unilever (under the Lipton brand name) and Starbucks. PBNA manufactures and distributes certain brands licensed from Keurig Dr Pepper Inc., including Crush, Dr Pepper and Schweppes, and certain juice brands licensed from Dole Food Company, Inc. and Ocean Spray Cranberries, Inc.
For fiscal 2020, PepsiCo reported revenues of $70.3 billion, a 5% increase from the previous year, and net income of $6.51 billion.
PepsiCo World Headquarters is located in Purchase, NY, approximately 45 minutes from New York City. The seven-building headquarters complex was designed by Edward Durrell Stone, one of America's foremost architects. The building occupies 10 acres of a 144-acre complex that includes the Donald M. Kendall Sculpture Gardens, a world- acclaimed sculpture collection in a garden setting.
The company employs 120,000 people in the United States and 291,000 worldwide. At the end of 2020, the company said its workforce was 25% female and 41% of managerial positions were female.
Many of PepsiCo's brand names are more than 100-years-old, but the corporation is relatively young. PepsiCo was founded in 1965 through the merger of Pepsi-Cola and Frito-Lay. Tropicana was acquired in 1998 and PepsiCo merged with The Quaker Oats Company, including Gatorade, in 2001.
PepsiCo's snack food operations had their start in 1932 when two separate events took place. In San Antonio, TX, Elmer Doolin bought the recipe for an unknown food product -- a corn chip -- and started an entirely new industry. The product was Fritos brand corn chips, and his firm became the Frito Company.
That same year in Nashville, TN, Herman W. Lay started a business distributing potato chips. Mr. Lay later bought the company that supplied him with product and changed its name to H.W. Lay Company. The Frito Company and H.W. Lay Company merged in 1961 to become Frito-Lay, Inc.PepsiCo's beverage business was founded 1898 by Caleb Bradham, a New Bern, North Carolina druggist, who first formulated Pepsi-Cola.
The company expanded its portfolio with the acquisition of Tropicana in 1998 and the merger with Quaker Oats in 2001.
In 2010, PepsiCo completed its mergers with PepsiAmericas (PAS) Beverages and Pepsi Bottling Group (PBG) to strengthen its North American beverage business. The North American bottling operations of PAS and PBG are now an operating unit of PepsiCo known as Pepsi Beverages Company. PBC operates in the United States, Canada and Mexico and encompasses approximately 75 percent of PepsiCo's North American beverage volume.
In 2011, PepsiCo completed its largest-ever transaction outside of the United States with the acquisition of Wimm-Bill-Dann, the largest manufacturer of dairy products in Russia.
In 2020, the company acquired Rockstar Beverages.
Health and Insurance Benefits
As an employee, you can choose the Health and Insurance Benefits that are right for you and your family. Benefit options include:
- Basic and Enhanced Medical and Dental
- Life Insurance
- Short and Long Term Disability
- Health Care Reimbursement Account
- Dependent Care Reimbursement Account
While good health is its own reward, PepsiCo offers the HealthRoads Wellness Benefit to help you take positive steps toward a healthier lifestyle. You can earn rewards, deposited into your Medical Expense Account, by participating in the program, up to $400 dollars per family, per year.
Plan for your Future
PepsiCo is committed to giving you the tools to reach your future retirement goals through our retirement, savings, and stock plans. The plans, designed to work together, include:
- SharePower - PepsiCo's global stock option program (no enrollment necessary).
- Pension Plan - A 100% PepsiCo paid retirement benefit.
- 401(k) Plan: A pre-tax savings plan with matching contributions from PepsiCo.
- Stock Purchase Program: A convenient way to buy PepsiCo stock.
Save time, cut costs, and reduce stress, with PepsiCo's Work/Life Benefits including:
- Employee Assistance Program (EAP)
- Adoption Assistance
- Auto and Home Insurance Program
- Family Leave
- Ford & GM Car Discount Programs
- Tuition Reimbursement/Educational Assistance
- Service Awards
Other Special Discounts
Employees can save money on things like:
- Cell Phones
- Movie Tickets
- Hotels, Casinos and Resorts
- Tickets to Broadway Shows and Concerts