US beverages and snacks giant PepsiCo has confirmed that it expects full-year 2004 reported earnings per share of at least US$2.35, which includes the $0.13 impact of tax benefits in the third quarter and the $0.07 impact of a manufacturing consolidation charge in the fourth quarter.

With regard to 2005 guidance, PepsiCo reconfirmed its outlook for mid-single-digit volume growth, mid-single-digit revenue growth, and low-double-digit earnings per share growth.

With annual revenues of $27bn, PepsiCo's operations include Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods.