US: PepsiCo backs 2003 guidance

By | 3 September 2003

The food and soft drinks group, PepsiCo Inc., has confirmed its previously stated guidance for the full 2003 fiscal year of earnings per share of between US$2.16 to US$2.19, and its cash from operations guidance of US$3 billion after capital spending.

The company said the earnings guidance includes around 3 cents a share in merger costs relating to the acquisition of Quaker Oats Co. in August 2000.

Sectors: Soft drinks

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US: PepsiCo backs 2003 guidance

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