US: PepsiCo confirms FY profit guidance
PepsiCo has said that it will reiterate its fiscal 2008 earnings per share guidance at two upcoming investor meetings next week.
The US food giant said CFO Richard Goodman will tell investors at the Deutsche Bank Global Consumer in London and Food Retail Conference in Paris that the group still expects to earn at least US$3.72 per share.
Following the announcement, PepsiCo shares increased 2.48%, climbing to $66.99 at time of press.
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