Origins and History
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- First Sale: Sold in Bradham’s drugstore as a digestive aid marketed to relieve dyspepsia (indigestion). [1, 2]
- Name Change: Renamed “Pepsi-Cola” in 1898 and shortened to “Pepsi” by 1951. [1]
- Financial Struggles: Went bankrupt in 1923 after World War I sugar price volatility, but was later revived and reformulated. [1, 2, 3]
- Growth: Gained massive popularity during the Great Depression by selling a 12-ounce bottle for a nickel. [1]
Parent Company (PepsiCo)
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- Merger: Formed in 1965 through the merger of Pepsi-Cola Company and Frito-Lay, Inc. [1]
- Portfolio: Headquartered in Purchase, New York, the corporation owns major food and beverage brands including Lay’s, Gatorade, Quaker, Mountain Dew, and Tropicana. [1, 2]
- Revenue: Generated nearly $92 billion in net revenue globally. [1]
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