Pepsi 2014 Annual Report Download - page 163

2014 ANNUAL REPORT 143
The graph below compares PepsiCo, Inc.’s cumulative five-year
total shareholder return on common stock with the cumulative
total returns of the S&P 500 index and the S&P Average of Industry
Groups (as defined below)*. The graph tracks the performance of a
$100 investment in our common stock and in each index (with the
reinvestment of all dividends) from 12/31/2009 to 12/31/2014.
Comparison of Cumulative
Total Shareholder Return
Return on PepsiCo stock investment (including dividends), the
S&P500 and the S&P Average of Industry Groups*
in U.S. dollars
201420132012201120102009
PepsiCo, Inc. S&P 500 S&P Avg. of
Ind. Groups*
100
125
150
175
200
12/09 12/10 12 /11 12/12 12/13 12/14
PepsiCo, Inc. $100 $111 $116 $123 $154 $180
S&P 500 $100 $115 $117 $136 $180 $205
S&P Avg. of Industry Groups* $100 $118 $132 $144 $182 $205
* The S&P Average of Industry Groups is derived by weighting the returns of two applicable S&P
Industry Group indices (Soft Drinks and Packaged Foods) based on the relative contribution of
PepsiCo’s sales in its beverage and food businesses.
The return on PepsiCo common stock, the S&P 500 index and the S&P Average of Industry
Groups are calculated through December 31, 2014. Past performance is not necessarily indica-
tive of future returns on investments in PepsiCo common stock.
Forward-Looking Statements
This Annual Report contains statements reflecting our views
about our future performance that constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 (the “Reform Act”). Statements that constitute
forward-looking statements within the meaning of the Reform
Act are generally identified through the inclusion of words such as
“aim,” “anticipate,” “believe,” “drive,” “estimate,” “expect,” “expressed
confidence,” “forecast,” “future,” “goals,” “guidance,” “intend,” “may,”
“objectives,” “outlook,” “plan,” “position,” “potential,” “project,” “seek,”
“should,” “strategy,” “target,” “will” or similar statements or variations
of such words and other similar expressions. All statements address-
ing our future operating performance, and statements addressing
events and developments that we expect or anticipate will occur
in the future, are forward-looking statements within the meaning
of the Reform Act. These forward-looking statements are based
on currently available information, operating plans and projections
about future events and trends. They inherently involve risks and
uncertainties that could cause actual results to differ materially from
those predicted in any such forward-looking statement. These risks
and uncertainties include, but are not limited to, those described in
“Risk Factors” in Item 1A and “Management’s Discussion and Analysis
of Financial Condition and Results of Operations — Our Business —
Our Business Risks” in Item 7 of our Annual Report on Form 10-K
included herewith. Investors are cautioned not to place undue
reliance on any such forward-looking statements, which speak only
as of the date they are made. We undertake no obligation to update
any forward-looking statement, whether as a result of new informa-
tion, future events or otherwise.