PepsiCo Inc. PEP

What this company does

PepsiCo makes, markets, distributes and sells beverages and convenient foods through its own operations, authorized bottlers, contract manufacturers and other third parties, serving customers and consumers in more than 200 countries and territories. As of December 27, 2025, it employed approximately 306,000 people worldwide, including approximately 125,000 within the United States. Sales to Walmart Inc. and its affiliates, including Sam's Club, represented approximately 14% of consolidated net revenue in 2025. The company is organized into six reportable segments, among them PepsiCo Foods North America (PFNA), PepsiCo Beverages North America (PBNA) and International Beverages Franchise (IB Franchise). PFNA makes, markets, distributes and sells convenient foods such as cereals, chips, dips, granola bars, oatmeal, pasta, rice and syrups and mixes, under brands including Cheetos, Doritos, Fritos, Lay's, Pearl Milling Company, Quaker, Ruffles and Tostitos. PBNA operates its own bottling plants and distribution facilities and sells branded finished goods directly to independent distributors and retailers. IB Franchise sells beverage concentrates to authorized and independent bottlers under brands including 7UP, Aquafina, Gatorade, Mirinda, Mountain Dew, Pepsi and Sting Energy. PepsiCo was incorporated in Delaware in 1919 and reincorporated in North Carolina in 1986.

Written from the business description in PEPSICO INC's annual report to the U.S. Securities and Exchange Commission, filed 3 February 2026. Every sentence was checked against that document before publication.