With more than 155,000 employees and $32 billion in revenue, PepsiCo Inc. is a
world leader in convenience snacks, food and beverages. Its brands include
Pepsi-Cola, Mountain Dew, Diet Pepsi, Lay's, Doritos, Tropicana, Gatorade and
Quaker.
For 2005, servings volume grew 7% and net revenue increased 11%, with an extra
reporting week in the fourth quarter of last year adding about one point to
growth.
When he announced fourth-quarter and full-year 2005 financial results on Feb.
8, Steve Reinemund, PepsiCo's chairman and CEO, said, "We're very pleased with
the results for the quarter and for the full year. Our top line has shown
consistent strong growth throughout the year, and earnings were strong despite
a challenging input cost environment." He added, "Importantly, we've made
investments in the marketplace and in productivity that, together with our
top-line momentum, gives us confidence as we enter 2006."
In the fourth quarter of 2005, PepsiCo recorded $83 million in pre-tax charges
related to restructuring, primarily through reducing the size of its workforce.
IW 50 Best Manufacturing Company
