US: PepsiCo confirms full-year guidance forecasts

By just-drinks.com editorial team | 14 November 2007

PepsiCo has reaffirmed its guidance for 2007.

The soft drinks giant said today (14 November) that it maintains its earnings per share guidance for 2007 of "at least" US$3.39. Estimated core earnings per share, which is also unchanged, should come in at at least $3.35.

The company also reaffirmed its full-year 2007 cash flow guidance of at least $7bn in cash from operating activities, approximately $2.6bn in capital spending and $4.3bn in share repurchases.

Earlier this month, PepsiCo split its PepsiCo North America unit into PepsiCo Americas Foods and PepsiCo Americas Beverages. The division was a move to "more fully leverage the talents of its senior leaders", the company said.

Sectors: Soft drinks, Water

Companies: PepsiCo