PepsiCo generated over $86 billion in revenue in 2022, compared to over $79 billion in revenue in 2021 and over $70 billion in 2020.
While most people might recognize PepsiCo for its homonymous drink, in reality, the company follows a multi-brand strategy, as the company owns a plethora of brands, from food to drinks and much much more.
For that reason, the company’s competitors span from drinks like Pepsi (Coca-Cola) to various snacks and food brands (like Kellog’s).
For some context, Coca-Cola, one of the direct competitors, generated nearly $80 billion in revenue, whereas PepsiCo generated nearly $39 billion in revenue in 2021.
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