US snack and soft drink giant PepsiCo has lowered its sales and earnings outlook for the full year as it steps up investments in driving growth and profits.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company yesterday (8 December) lowered the top-end of its guidance ranges, with net revenue expected to rise by about 5% and earnings per share expected to rise by between 5% and 6%, on a constant currency basis.
PepsiCo had previously said that it expects 2009 net revenue and EPS to rise in at a mid-to-high single-digit range.
The maker of Quaker and Frito-Lay said that it still anticipates fiscal 2010 EPS growth of 11-13% on a constant currency basis, excluding one-off items.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
