US: PepsiCo stands by 2007 earnings forecast

By: just-food.com | 14 November 2007

US food and beverage giant PepsiCo today (14 November) moved to repeat its forecasts for 2007.

The company said it expects 2007 reported earnings per share of at least US$3.39 and core earnings per share of at least $3.35.

Earlier this month, PepsiCo announced that it had decided to overhaul the way it run its business with the creation of three operating units.

PepsiCo decided to move away from operating out of two units - PepsiCo North America and PepsiCo International - as the company continues to grow.

The company has set up PepsiCo Americas Foods (PAF), which will include Frito-Lay North America, Quaker and all Latin American food and snack businesses.

A second unit, PepsiCo International, will includes all the company's business in the UK, Europe, Asia, Middle East, and Africa, including, for instance, the Walkers snack foods business in the UK.

The company's third arm will be PepsiCo Americas Beverages (PAB), which will run Pepsi-Cola North America, Gatorade, Tropicana and all its Latin American beverage businesses.

Sectors: Baby food, Chilled foods, Snacks

Companies: PepsiCo, Walkers