No. 31: PepsiCo
Industry: Consumer Staples
Sales: $39.5 billion
Net Income: $5.7 billion
The Cola Wars may be back, but today's PepsiCo (PEP) actually derives more revenue from food products than from fizzy beverages. And PepsiCo has a propitious portfolio, big on healthier snacks and strong in faster-growth markets outside the U.S. CEO Indra Nooyi, born and raised in India, has an international background that suits the company perfectly; most consumer-products companies have seen a slowdown at home as a recession begins to take hold. Indeed, last year PepsiCo's international sales made up 40% of revenue and grew 26%, or almost three times the rate of domestic sales. The looming challenge: dealing with record-high prices for essential commodities such as corn and wheat.
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