1977 Milestones

• PepsiCo acquires Pizza Hut, Inc. Pizza Hut was founded in 1958 by Dan and Frank Carney. It is spun off along with Taco Bell and KFC businesses as Tricon Global Restaurants, Inc. in 1997.
• PepsiCo passes the $3 billion mark in sales.
• PepsiCo stock splits three-for-one.