PepsiCo has divested Pizza Hut, and the company relies heavily on Walmart for revenue.

The entities involved

• PepsiCo →

  American soft drink company

  • PepsiCo uses Tesla Semi for deliveries, while the company faces a public feud over clean energy strategy amid its Gigafactory location in Austin.Mon 05:51
  • PepsiCo announced a $1 billion investment over five years in Colombia.Mon 00:25
• Walmart →

  U.S. discount retailer based in Arkansas

  • Kraft Heinz is launching locally developed products and targeting expansion in North America through exclusive store channels.Mon 16:06
  • Walmart promoted an executive to lead international operations in Latin America, following a management restructuring led by John Furner.Mon 15:55
• Pizza Hut →

  American restaurant chain and international franchise

  • Pizza Hut operations were sold to a private equity firm, and Mainland China operations were sold to Yum China Holdings.Mon 04:48
  • The company sold the Mainland China operations of Pizza Hut in a separate transaction for an aggregate of $2.7 billion. Chris Turner was appointed CEO of Yum! Brands.Mon 04:17

Related events

• Barclays analyst provided a post-earnings note covering Coca-Cola, PepsiCo, and Keurig Dr Pepper.Thu 22:11
• PepsiCo is facing activist pressure from Elliott Management while also being compared to its archrival, The Coca-Cola Company.Jun 7
• PepsiCo announced it is reducing its product offerings.Sat 18:50
• Pizza Hut is mentioned in the context of industry competition, while Cramer expresses a bearish view on Papa John's, comparing its performance to Domino's.Aug 15
• PepsiCo faces consumer weakness and market decline, contrasting with Coca-Cola's stability, while financial analysts maintain price targets.Sep 21