US-based soft drink giant PepsiCo said yesterday that it has not changed its estimate for full year 2001 earnings, despite the fact its bottler PepsiAmericas has announced fourth-quarter charges announced.

The previous guidance of $1.66 per share still stands, the company said, as it included a provision for its share of the charge by the bottler, in which PepsiCo holds a 37% stake.

PepsiAmericas reported that in the fourth quarter it will have to record charges of US$120m for an environmental liabilities programme and to revamp its marketing and distribution strategy in Hungary.