Pepsi 2011 Annual Report Download - page 5

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t We are creating mega brands that consumers
love around the world. In 20, weannounced
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and Starbucks ready-to-drink beverages — had
each grown to more than $1billion in annual
retail sales, expanding PepsiCo’s portfolio of
billion-dollar brands to 22. That number is double
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number one or number two in their respective
categories. Importantly, Lay’s is the number
one global food brand, and Pepsi is one of the
world’s leading consumer brands. We will con-
tinue to drive growth and protability through
all of our mega brands — including the 12 core
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in our portfolio with annual retail sales between
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t We are extremely well-positioned to
grow — by category, region and trend.
Snacks, beverages and nutritional categories
all have attractive growth, margins and returns,
and are projected to grow revenue globally at
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will continue to benet from favorable global
trends, including on-the-go lifestyles and a
rapidly growing middle class in emerging and
developing markets.
t We are innovating globally by delighting
locally. In 20, we continued to innovate by
leveraging our global platforms such as Lay’s
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baked grain snacks, rolling out Gatorade G
Series and launching brands geared to local
tastes like Tropicana Pulp Sacs in China and
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of global and local innovation has delivered
strong, sustained growth. In fact, our emerging
and developing markets revenue has grown
from $8billion to $22billion since 2006. In 20,
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leading branded food and beverage company,
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Net revenue1 grew 14 percent on a core basis.
+14%
Core division operating profit1 rose 7 percent.
+7%
Core earnings per share2 grew 7 percent in 2011.
11 $4.40
10 $4.13
09 $3.71
Management Operating Cash Flow
(in billions)
11 $6.1
10 $6.9
09 $5.6
Cash returned to shareholders
$5.6 billion
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measures in accordance with GAAP.
2 Core results are non-GAAP nancial measures that exclude certain items. See page 41 for a reconciliation to the most directly comparable nancial measure
in accordance with GAAP.
Represents a non-GAAP nancial measure that excludes certain items. See page 48 for a reconciliation to the most directly comparable nancial
measure in accordance with GAAP.
Today, PepsiCo is a global powerhouse, the largest
food and beverage business in North America
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is clear: to captivate consumers with the world’s
most loved and best-tasting convenient foods
and beverages. We deliver on our mission through
these key strengths:
PepsiCo, Inc.  Annual Report