PepsiCo Revenue

PepsiCo generated $91.47 billion in revenue in 2023, over $86 billion in revenue in 2022, 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. PepsiCo was founded in 1902 by American pharmacist and businessman Caleb Bradham as the Pepsi-Cola Company. Bradham, who hoped to emulate the success of Coca-Cola, marketed the beverage from his pharmacy and registered a patent for its recipe the following year. Today, Pepsi is a global company with a portfolio of 23 billion-dollar brands, or brands earning more than $1 billion in annual revenue. Sixteen of these brands are beverage-related, while the remaining seven are associated with snacks and other food products. For that reason, the company's competitors span from drinks like Pepsi (Coca-Cola) to various snacks and food brands (like Kellog's). In 1965, PepsiCo acquired Frito-Lay in what the chairmen of both companies called a “marriage made in heaven”. The resultant company transformed PepsiCo from a soft drink organization and set it on a path to becoming one of the world’s leading food and beverage companies. Today, PepsiCo claims to operate in more than 200 countries and territories around the world, with seven distinct divisions and many successful brands. 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. Coca-Cola generated $45.75 in revenue, compared to PepsiCo's $91.47 billion in 2023. Read Next: Coca-Cola’s Business And Distribution, Coca-Cola Mission Statement and Vision, Coca-Cola Competitors, What Does Coca-Cola Own?, Coca-Cola PESTEL Analysis, Coca-Cola SWOT Analysis, Coca-Cola Vs. Pepsi. Related Visual Stories Coca-Cola Business Strategy Coca-Cola follows a business strategy (implemented since 2006) where through its operating arm - the Bottling Investment Group - it invests initially in bottling partners operations. As they take off, Coca-Cola divests its equity stakes, and it establishes a franchising model, as long-term growth and distribution strategy. Who Owns Coca-Cola Coca-Cola's top investors include Warren Buffet's company, Berkshire Hathaway, with 9.25% of shares, and other mutual funds like The Vanguard Group, holding 8.51% of shares, and BlackRock owning over 7.19% of shares of the company. Other individual investors like Herbert A. Allen, director of The Coca-Cola Company since 1982, and Barry Diller, Chairman of the Coca-Cola board since 2002. And former CEO Muhtar Kent. Coca-Cola Revenue Coca-Cola generated $45.75 billion in revenue in 2023, compared to over $43 billion in revenue in 2022, and to over $38 billion in 2021. Coca-Cola Profits Coca-Cola generated $10.7 billion in profits in 2023, compared to $9.54 billion in net profits in 2022 and over $9.7 billion in net profits in 2021. Coca-Cola Revenue vs. Profits Coca-Cola generated $45.75 billion in revenue in 2023, compared to over $43 billion in revenue in 2022, and $10.7 billion in profits in 2023, compared to over $9.5 billion in net profits in 2022. Coca-Cola Employees Coca-Cola had 79,100 employees in 2023, compared to 82,500 employees in 2022, and 79,000 in 2021. Coca-Cola Revenue Per Employee Coca-Cola generated $578,432 revenue per employee in 2023, compared to $521,261 in 2022, and $489,304 in 2021. Coca-Cola Mission Statement Coca-Cola's Purpose is to "refresh the world. make a difference." Its vision and mission are to "craft the brands and choice of drinks that people love, to refresh them in body & spirit. And done in ways that create a more sustainable business and better-shared future that makes a difference in people’s lives, communities, and our planet." Coca-Cola SWOT Analysis Coca-Cola is the market leader of the soft drink industry. It is also the most widely recognized brand, with a Business Insider study revealing that a staggering 94% of the world population recognizes the red and white logo. However, Coca-Cola faces significant challenges with increasingly health-conscious consumers and less access to water resources. Coca-Cola PESTEL Analysis What Does Coca-Cola Own? The Coca-Cola Company is an American multinational beverage corporation founded in 1892 by pharmacist Asa Griggs Candler. Many consumers associate the company with its signature soda in a red can or bottle. In truth, however, The Coca-Cola Company owns a plethora of soft drink, juice, tea, coffee, and other beverage brands. Coca-Cola Competitors The Coca-Cola Company has 21 different billion-dollar brands or brands that generate more than $1 billion or more in revenue each year. The company also sells its products in nearly every country in the world, with Cuba and North Korea the only two countries where it is not sold officially. What’s more, the Coca-Cola brand is worth $87.6 billion, making it one of the most valuable among all companies. Though these figures allow Coca-Cola to enjoy market dominance in many countries, the company is nevertheless subject to intense competition. Coca-Cola vs. PepsiCo Coca-Cola generated $45.75 in revenue, compared to PepsiCo's $91.47 billion in 2023. Who Owns Pepsi Pepsi is owned by PepsiCo, the holding company which owns many brands spanning from drinks to food & snacks and more. PepsiCo generated $91.47 billion in revenue in 2023, and $9.07 billion in profits for the same period. PepsiCo is primarily owned by institutional investors like The Vanguard Group (8.9%) and BlackRock (7.6%). Top individual investors comprise Robert Pohlad, the company's board member; and the company's CEO, Ramon Laguarta. What Does PepsiCo Own? PepsiCo was founded in 1902 by American pharmacist and businessman Caleb Bradham as the Pepsi-Cola Company. Bradham, who hoped to emulate the success of Coca-Cola, marketed the beverage from his pharmacy and registered a patent for its recipe the following year. Today, Pepsi is a global company with a portfolio of 23 billion-dollar brands, or brands earning more than $1 billion in annual revenue. Sixteen of these brands are beverage-related, while the remaining seven are associated with snacks and other food products. Pepsi Competitors In 1965, PepsiCo acquired Frito-Lay in what the chairmen of both companies called a “marriage made in heaven”. The resultant company transformed PepsiCo from a soft drink organization and set it on a path to becoming one of the world’s leading food and beverage companies. Today, PepsiCo claims to operate in more than 200 countries and territories around the world with seven distinct divisions and many successful brands. PepsiCo Revenue PepsiCo generated $91.47 billion in revenue in 2023, over $86 billion in revenue in 2022, over $79 billion in revenue in 2021, and over $70 billion in 2020. PepsiCo Profits PepsiCo generated $9.07 billion in profits in 2023, compared to nearly $9 billion in profits in 2022, over $7.6 billion in profits in 2021 and over $7 billion in 2020.

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