US: PepsiCo reiterates 2010 guidance

By | 2 March 2010

PepsiCo predicts 11-13% EPS growth

PepsiCo predicts 11-13% EPS growth

PepsiCo has reaffirmed its full-year profits guidance after completing the takeover of its two largest bottlers, Pepsi Bottling Group and PepsiAmericas.

PepsiCo received early approval from the US Federal Trade Commission (FTC) to enable it to close the US$7.8bn deal on Friday.

The announcement came less than 24 hours after rival The Coca-Cola Co said that it would take full control of its own major bottler's operations in North America.

Following the completion of the deal, PepsiCo has reconfirmed its previous guidance of achieving 11% to 13% core constant currency EPS growth in 2010. 

It also said it expects to achieve low-double-digit core constant currency EPS growth in 2011 and 2012.

Sectors: Soft drinks, Water

Companies: PepsiCo, Pepsi Bottling, PepsiAmericas, Coca-Cola Co

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