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1、ThePowerof2011AnnualReportTableofContentsCEOLetter2BestPlacetoWork16FinancialHighlights6PerformancewithPurpose18PepsiCoMegaBrands8ThePowerofPepsiCo20OurGlobalBusinesses10PepsiCoBoardofDirectors21Innovation12PepsiCoLeadership22ThePowerofOne14Financials23Onebillio
2、ntimesaday,in200countriesandterritoriesaroundtheworld,PepsiCoprovidesconsumerswithaffordable,aspirationalandauthenticfoodsandbeverages.Ourconsumersarerefreshed,rejuvenatedandrestoredbyPepsiCo’sbelovedsnack,beverageandnutritionbrands.ThatisthePowerofPepsiCo.Aswel
3、ookahead,wearepositioningourourcommitmenttodorightforthebusinesscompanyforsustainablegrowthbybuildingbydoingrightforpeopleandtheplanet.our brandsaroundtheglobe,bringinginnovativeWe viewsustainabilityasacatalystforbusinessproductstothemarketplace,capitalizingongr
4、owthandinnovation,enablingustobeathecoincidenceofconsumptionofsnacksandcompanythatisbothfinanciallysuccessfulandbeverages,unleashingthefullpotentialofourgloballyresponsible.globalscale,andensuringthatPepsiCocontinuesWithaportfoliooficonic,belovedandtobe abestpla
5、cetowork.locally relevantbrands,we’redeliveringresultsAsourbusinessesdevelopandgrow,wetodayand confidentlypreparingforthefuture.areguidedbyPerformancewithPurpose,1PepsiCo,Inc.2011AnnualReportDearFellowShareholders,developingmarkets.Wecontinuedtobuildourportfolio
6、ofbillion-dollarbrands.Weboostedourinvestmentinresearchanddevelopmenttobuildlong-term,differentiatedplatformsandsignificantlyexpandourhealthierofferingswithinoursnacksandbeveragesportfolios.Wefocusedonmakingourbusinessmoreefficient,andwebegantoalignourglobaloper
7、atingstructuretofullyleveragethescaleofPepsiCo.Iampleasedtoreportthatwehavemadestrong progress.In2011,despiteastill-difficultmacroeconomicenvironment,wedeliveredsolidresults.íMl_ampc`_qgq*lcrpctclsc1wasup14 percentto$66 billion.íAmpcbgtgqgmlmncp_rglenp
8、mör1rose7 percentwithcoreoperatingmargins1of16 percent.íAmpcc_plgleqncpqf_pc2(EPS)grew7 percent.íMl_ampc`_qgq*uc_afgctcb_lcrpcrsplmlThegreatestchalleng
