PepsiCo revenue 2007-2023

This timeline depicts PepsiCo's net revenue worldwide from 2007 to 2023. In 2023, PepsiCo's net revenue worldwide amounted to about 91.47 billion U.S. dollars. The fiscal year end of the company is March, 31st

PepsiCo

PepsiCo is an American food and beverage corporation, based in Purchase, NY. Famous company beverage brands include Pepsi and Mountain Dew. PepsiCo has increased its global net revenues from 39.47 billion U.S. dollars in 2007 to nearly 92 billion U.S. dollars in 2023. 

Caleb Bradham developed the recipe for the Pepsi soft drink in 1880 in North Carolina. As his drink became more popular, he established the Pepsi-Cola Company in 1902. In 1965, the Pepsi-Cola company merged with Frito-Lay Inc., to form PepsiCo, Inc. Currently, the company owns various well-known brands that with about 60 percent dedicated to food products and about 40 percent to drink products. PepsiCo is divided into seven main divisions. As of 2023, over half of the company’s revenues were generated from the North American Beverages (NAB) and Frito-Lay North America (FLNA) divisions. 

Many are familiar with the competition between PepsiCo and Coca-Cola, named the “cola wars”, but lately, both companies have started to depend on businesses outside the beverage market. Recently, the industry is responding to changes in the market as the demand for carbonated soft drinks has decreased. However, studies have indicated that few people can discern the difference between the two soft drinks in a blind taste test, nevertheless, there have been indications that Coca-Cola has been more successful in its branding.