• Loading stock data...
Monday, July 7, 2025

PepsiCo’s Energy Drinks Fuel $22B Q3

  • PepsiCo acquired a $550 million stake in Celsius Holdings in August.
  • In September, the company launched Gatorade FastTwitch.
Pepsi-Gatorade
Jeff Hanisch-USA TODAY Sports

PepsiCo reported a 9% year-over-year increase in third-quarter revenue to $21.97 billion, beating analysts’ estimates of $20.84 billion.

The company, which owns Gatorade, Mountain Dew beverages, and Frito-Lay, posted $2.7 billion in net income, up from $2.22 billion during the same period last year. Organic revenue increased 16% year-over-year.

During the quarter ending Sept. 3, the company expanded its energy and sports drink portfolio.

  • In August, PepsiCo acquired a $550 million stake in Celsius Holdings, which offers fitness-focused energy drinks.
  • In September, it launched caffeinated energy drink Gatorade FastTwitch with the NFL. The drink will hit stores in February 2023, but it’s available on NFL sidelines this season.
Woman-drinking-Celsius

PepsiCo Invests $550M In Exercise-Focused Celsius

PepsiCo has made a $550 million investment in Celsius Holdings.
August 1, 2022

The company also acquired Rockstar for $3.85 billion in 2020.

PepsiCo will keep its energy drink portfolio due to the highly segmented market, according to CFO Hugh Johnston. 

The company expects organic revenue growth of 12% for 2022.

Musk Truck

Elon Musk tweeted last week that Tesla’s Semi electric commercial trucks will make its first deliveries to PepsiCo on Dec. 1. PepsiCo reserved 100 of the trucks in 2017, which are expected to cost $180,000 each. The truck would reportedly qualify for a tax break of up to $40,000.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

exclusive

CBS, NFL Host James Brown Discussing Contract Extension

The 74-year-old Brown has hosted a record 10 Super Bowl pregame shows.

How Bradley Beal Buyout Would Save Suns $230M, and What’s Next

Beal has two years and $110 million remaining on his deal.

Nationals Hit Reset Button, Oust Rizzo and Martinez Before Draft

The MLB club made major leadership changes just days before the draft.
Dan Orlovsky and Ryan Clark
exclusive

Dan Orlovsky, ESPN Agree to Terms for Contract Extension

Orlovsky had faced possible free agency this summer with his contract ending.

Featured Today

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”
James Harden

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.
February 5, 2025

Under Armour’s Desired Turnaround Sees Sparks With Q3 Earnings Beat

The 2010s darling has been struggling to find the right formula.