Tags: US | PepsiCo | Outlook

PepsiCo Maintains 2010 Earnings Forecast

Monday, 01 Mar 2010 09:35 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

PepsiCo. on Monday reiterated its 2010 earnings prediction after it completed the purchase of its two biggest bottlers.

The company, based in Purchase, N.Y., expects earnings per share growth of 11 percent to 13 percent over 2009 results of $3.77 per share. That implies 2010 earnings per share of $4.18 to $4.26.

Analysts surveyed by Thomson Reuters forecast 2010 earnings per share of $4.14.

PepsiCo. also expects to grow earnings per share by "low double-digit" percentages in 2011 and 2012.

The company also said that PepsiCo Americas Beverages segment has been reorganized. The segment, which includes PepsiCo's beverage businesses in the Americas, will be comprised of two business units.

The combined units, called Pepsi Beverages Co., will be led by Eric J. Foss.

Massimo F. d'Amore will continue to lead Gatorade, Tropicana and Latin America Beverages as CEO of PepsiCo Beverages Americas.

Operations of Pepsi Bottling Group and PepsiAmericas in Europe will be consolidated into PepsiCo Europe, led by CEO Zein Abdalla.

The $7.8 billion buyout of Pepsi Bottling Group and PepsiAmericas will allow the second-largest U.S. drink maker to try out more new products and get them to market more quickly.

The deal, first announced in August, is also a way for PepsiCo to save money because it won't be using other companies for its distribution. It estimates pretax savings of $400 million by 2012 from the buyouts, though analysts expect higher.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

State Dept.'s Nuland to Newsmax: Sanctions Reined Putin In

Sunday, 21 Dec 2014 22:10 PM

Without the tough sanctions the U.S. and its allies placed on Russia last year and the faltering Russian economy, Vladim . . .

Attkisson: CDC Not Telling Public About Possible Ebola Cases

Sunday, 21 Dec 2014 23:40 PM

The government is not telling the public about all the possible cases of Ebola it is monitoring in the United States, sa . . .

Atlanta US Attorney Yates Tapped for Deputy AG

Sunday, 21 Dec 2014 17:46 PM

President Barack Obama is preparing to nominate the top federal prosecutor in Atlanta to the No. 2 position at the Justi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved