PepsiCo, Inc.
Industry: Beverages (Nonalcoholic)

PepsiCo is the world's largest convenient food and beverage company. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods.

Business Summary
PepsiCo, Inc. is a global snack and beverage company. It manufactures, markets and sells a variety of salty, convenient, sweet and grain-based snacks, carbonated and non-carbonated beverages, and foods. The Company is organized in four divisions: Frito-Lay North America (FLNA), PepsiCo Beverages North America (PBNA), PepsiCo International (PI) and Quaker Foods North America (QFNA). Its North American divisions operate in the United States and Canada. Its international divisions operate in over 200 countries, with its largest operations in Mexico and the United Kingdom. The Company's customers include franchise bottlers, and independent distributors and retailers. For the fiscal year ended December 25, 2004, FLNA, PBNA, PI and QFNA represented approximately 33%, 28%, 34% and 5%, respectively, of the Company's total division net revenues.

Financial Summary
PEP manufactures, markets and sells soft drinks and concentrates (Pepsi-Cola, Mountain Dew, Slice, etc.), snack foods (Frito-Lay) and Tropicana branded juices. For the 36 weeks ended 9/3/05, net sales increased 10% to $22.47B. Net income applic. to Common decreased 8% to $2.96B. Revenues reflect strong growth at PepsiCo International and Frito-Lay North Amercia. Net income was offset by increased energy and raw material costs.