PepsiCo is a global food and beverage company headquartered in the United States. It owns popular brands like Pepsi, Lay's, Doritos, Gatorade, and Tropicana. The company was formed in 1965 through the merger of Pepsi-Cola and Frito-Lay. PepsiCo has over 150,000 employees worldwide and annual revenues of around $29 billion. It manufactures and distributes products through direct store delivery and other go-to-market systems. While it faces competition from other beverage and snack companies, PepsiCo has established strong brands and distribution networks.