PepsiCo Inc
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Consumer Staples : Beverages | Large Cap Blend
Company profile

PepsiCo, Inc. is a beverage and convenient food company. The Company's segments include Frito-Lay North America, which includes its food businesses in the United States and Canada; Quaker Foods North America, which includes its food businesses, such as cereal, rice, pasta and other branded food, in the United States and Canada; PepsiCo Beverages North America, which includes its beverage businesses in the United States and Canada; Latin America, which includes its beverage and convenient food businesses in Latin America; Europe, which includes its beverage and convenient food businesses in Europe; Africa, Middle East and South Asia (AMESA), which includes all of its beverage and convenient food businesses in Africa, the Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region (APAC), which includes all of its beverage and convenient food businesses in Asia Pacific, Australia and New Zealand, and China region. Its brands include Lays, Doritos and Cheetos.

Closing Price
$180.32
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
36

10-day average volume:
3,486,946
36

Changes in Lifestyle & Consumption Habits of Consumers Driving Global Beverage Markets

8:45 am ET June 30, 2022 (PR Newswire) Print

FinancialNewsMedia.com News Commentary

From the newly funded startups to well funded corporate conglomerates, almost all the players in the beverage market are striving hard to meet the never-ending desires of the new-age consumers. For instance, last year PepsiCo unveiled a new hydration platform, which is completely customizable to the needs of the consumer. It provides a variety of flavors, carbonation, and temperature options to choose from. New age consumers, mainly millennials are health-focused. They are expecting functional benefits from their beverages that are consumed on a regular basis. This behavior has led to the rise of a new category of beverages called 'miracle drinks'. CBD infused sparkling water, plant-based milk beverages are popular examples under this category. CBD infused beverages, vegan beverages are in demand as well. Changes in lifestyle and consumption habits of the new-age consumers are two major reasons driving this change. An industry report said that: "Home for the majority of the consumers, the APAC region will dominate the world's non-alcoholic beverage market in the upcoming years. The high consumption in Indian and Chinese markets drives growth for the non-alcoholic beverage industry in the APAC region. The warm climate and hotter summer drive sales of non-alcoholic beverages in the APAC region. Previously, the Carbonated soft drinks (CSD) segment accounted for driving revenue in this region. However, in recent times the consumption of CSD is expected to decline as young consumers prefer healthier alternatives such as 100% natural juice, Pulp fruit juice, etc. This behavior change opens up opportunities for native and DTC brands to penetrate the market." Active companies in the markets this week include Splash Beverage Group, Inc. (NYSE: SBEV), Kroger Co. (NYSE: KR), PepsiCo, Inc. (NASDAQ: PEP), Albertsons Companies (NYSE: ACI), Casey's General Stores, Inc. (NASDAQ: CASY).

The industry report continued: "The EU beverage industry is estimated to make 608 billion dollars in 2022. The market is forecasted to grow at a CAGR of 5%. The industry would further expand to a value of 633 billion at the end of 2023. Though alcoholic beverages are the most popular segment in this region, there is a surge in demand for Zero alcoholic beverages in recent times. US non-alcoholic beverage market size is valued at 225 billion dollars in 2022. The market is growing at a CAGR of 3.8%. The industry will be valued at 234 billion dollars in 2023 and it is estimated to be 236 billion dollars in 2024. Carbonated soft drinks (CSD), a popular segment in this market, have been shrinking in size and revenue in recent years. While the market size for functional beverages is expected to grow and expand in the upcoming years. This shrink in the market share soft drink category is compensated by the rise in the market share for the subcategories such as fresh juices, enhanced water, RTD coffee, probiotic drinks, etc. In addition, the increase in obesity rates and the impact of a sedentary lifestyle is making young Americans migrate from CSDs to healthier alternatives."

Splash Beverage Group, Inc. (NYSE American: SBEV) BREAKING NEWS: Splash Beverage Group Signs Agreement with Mexcor for Full State Distribution of All Three Beverage Alcohol Brands in Texas - Splash Beverage Group, Inc. ("Splash" or the "Company"), a portfolio company of leading beverage brands, today announced that it has reached agreement with Houston-based Mexcor International for the distribution of Pulpoloco, Copa di Vino and SALT Tequila brands throughout the state of Texas.

Established in 1989, Mexcor's national sales network currently extends to 46 states, with direct distribution to Texas, Florida and California. Mexcor has grown to become the third largest alcohol distributor in Texas while servicing more than 17,000 accounts including grocery stores, liquor stores, bars and restaurants and has established a network of partnerships with over 140 regional distributors.

Robert Nistico, Splash Beverage Group's Chairman and CEO, commented, "With almost 30 million residents, and four of the top eleven cities in America by population, Texas is a key component of any consumer growth strategy. This agreement provides Splash access to millions of consumers and retailers. State wide coverage has always been difficult with any one distributor in Texas. Mexcor has built an outstanding operation with excellent market coverage. Our brands will now be supported by three separate warehouses across the state through a distributor that has become one of the fastest growing distributors in the United States." CONTINUED...Read the Splash Beverage full press release by going to: https://splashbeveragegroup.com/investor/press/

Additional recent developments in the markets this week include:

Kroger Co. (NYSE: KR), America's largest grocer, recently announced a 35,000 square-foot expansion at Tamarack Farms Dairy to support the implementation of a state-of-the-art aseptic milk line, capable of manufacturing products such as half and half, heavy whipping cream, coffee creamers and Carbmaster(TM) milk beverage. The new line will allow the facility to support over 150 jobs.

"We are so pleased to see this continued investment in Newark," said Doug Blacksten, Senior Director of Supply Chain and Manufacturing for Kroger. "Kroger is Fresh for Everyone, and that means we are committed to sourcing and manufacturing only the best and freshest products. This cutting-edge innovation at Tamarack Farms Dairy underscores that commitment, improving our ability to offer high-quality dairy products to Kroger customers."

PepsiCo, Inc. (NASDAQ: PEP) recently announced that it will issue its second quarter 2022 (ending June 11) financial results and other related information on Tuesday, July 12, 2022by posting the following materials and links on the company's website at www.pepsico.com/investors.

Press release and 10-Q at approximately 6:00 a.m. EDT; Prepared management remarks (in PDF format) at approximately 6:30 a.m. EDT; and Live question and answer session for analysts with Ramon Laguarta, Chairman and Chief Executive Officer, and Hugh Johnston, Vice Chairman and Chief Financial Officer at 8:15 a.m. EDT

Albertsons Companies (NYSE: ACI) recently announced the relaunch of Soleil Sparkling Water, marking a new era for the beverage brand that introduces eight can packaging with updated, eye-catching artwork. The product line is now available nationwide, exclusively at Albertsons Cos. family of banner stores such as Safeway, Jewel-Osco, Acme and Shaw's. Supported by an integrated marketing campaign titled, "That's a Soleil Vibe," the brand is leveraging TikTok, Spotify and social and digital creative components to reintroduce the voice and vibes of Soleil on a national scale.

Albertsons Companies today announced the relaunch of Soleil Sparkling Water, marking a new era for the beverage brand that introduces eight can packaging with updated, eye-catching artwork

Casey's General Stores, Inc. (NASDAQ: CASY) and MTN DEW(R) recently announced the launch of MTN DEW OVERDRIVE(TM), the newest addition to the MTN DEW flavor line-up, exclusively available at Casey's convenience stores. The latest long-term offering, which packs a refreshing citrus punch taste with hints of mango, raspberry and lime flavors, will be available starting in June only at Casey's, in more than 2,400 stores.

Casey's and MTN DEW Team up to Charge Your Outdoor Adventures This Summer With the Release of Exclusive New Flavor: MTN DEW OVERDRIVE. With a shared passion for the great outdoors, Casey's and MTN DEW joined forces to offer consumers a delicious new flavor specially crafted to fuel their adventures this summer across the Heartland. Whether you're hiking, fishing, camping or just hanging out by the water, MTN DEW OVERDRIVE is the perfect blend of light and juicy fruit flavors that will keep fans feeling refreshed and recharged for any outdoor activity. MTN DEW OVERDRIVE is the first MTN DEW exclusive flavor available at Casey's and will be sold in 20 oz bottles and available on fountain.

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated twenty five hundred dollars for news coverage of the current press releases issued by Splash Beverage Group, Inc.by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:Media Contact email: editor@financialnewsmedia.com+1(561)325-8757

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