From Nasdaq:

The original cola rivalry began with the launch of Coca-Cola in 1886 and Pepsi-Cola in 1898. Pepsi also acquired Mountain Dew and Frito-Lay in 1964 and 1965, respectively. They are now sold alongside other sodas such as Crush and Mug Root Beer, and snacks like Lay’s, Fritos, Doritos, and Cheetos. Frito-Lay’s contribution is significant, generating $4.9 billion as part of Pepsi’s total operating income year to date. Pepsi’s diversified portfolio allows it to weather industry headwinds and provide more reliable dividends. Pivoting to snacks was a savvy move that expanded its growth and investment potential.



Read more: PepsiCo Is Known for Sodas Such as Pepsi and Mountain Dew. But Almost 50% of Its Profits Comes From Something Else Entirely.