1、2008 Annual Report WE ARE Performance WITH Purpose.Corporate HeadquartersPepsiCo,Inc.700 Anderson Hill RoadPurchase,NY PepsiCo,Inc.2008 Annual ReportEvEry GEnEration rEfrEshEs thE world As PepsiCo refreshes its beverages,snacks and foods for new generations,we dem-onstrate in many ways that“We are P
2、erformance with Purpose.”This years report features employees,customers and business partners around the world who helped PepsiCo grow under adverse conditionsand stay focused on future opportunities.To represent this perspective,we invited children of PepsiCo associates across our global operations
3、 to show us how our products look through the eyes of future consumers.Were proud to feature some of these drawings on our annual report cover.To view more of these drawings,please go to .Theres much more to PepsiCos great-tasting beverages,snacks and foods than meets the eye.Around the world,our pe
4、ople come to work each day ready to perform with purpose.Together,we create the fun,refreshing and nourishing experiences consumers enjoy.In 2008 we faced market pressures that demonstrated the strength of our Performance with Purpose missionand the power of our people.As costs increased and local e
5、conomies weakened,customers and consumers held their breath.We met these challenges head-on.By channeling our knowledge,creativity and determination,we continued our legacy of growth and gave consumers powerful new reasons to choose our beverages,snacks and foods.CONTENTS2 FinancialHighlights4 Lette
6、rtoShareholders 8 NorthAmerica18 LatinAmerica24 Europe30 India36China41 FinancialContents97 PepsiCoBoardofDirectors98 PepsiCoExecutiveCommitteePepsiCo,Inc.2008 Annual Report$0$50$100$150$200$25020032004200520062007200820082007Chg(a)Summary of OperationsTotal net revenue$43,251$39,47410%Core division