Tags: US | PepsiCo | Outlook

PepsiCo Intends to Increase Overseas Revenue

Monday, 22 Mar 2010 07:22 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

PepsiCo Inc. maintained its forecast for long-term earnings growth as it looks to increase overseas revenue.

The world's second-biggest food and beverage company said Monday that it still anticipates 2010 earnings growth of 11 percent to 13 percent and low-double-digit profit growth for 2011 and 2012. The forecast is on a core constant currency basis, which exclude certain items.

PepsiCo said it wants to boost its international revenue at two times the real global GDP growth rate. The Purchase, N.Y. company also wants to gain market share in its snacks and liquid refreshment beverage segments in the top 20 markets.

Food from PepsiCo's snack business, Frito-Lay, will be more closely marketed with its beverages now that the company owns its bottlers, Pepsi Bottling Group and PepsiAmericas.

PepsiCo plans to hold a two-day investor meeting at Yankee Stadium in New York starting Monday.

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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  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.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Officials: Dozens of Ex-Gitmo Prisoners Joining ISIS

Thursday, 30 Oct 2014 11:48 AM

Former Guantanamo Bay detainees may have joined up with the Islamic State or other extremist groups within the Syrian bo . . .

Fmr. Boston Mayor Menino Dead After Battling Cancer

Thursday, 30 Oct 2014 11:44 AM

Former Boston Mayor Thomas Menino, who shepherded the city through the deadly Boston Marathon bombing and was the longes . . .

ACLU: FBI Seeks 'Green Light' to Hack Into Any Computer Worldwide

Thursday, 30 Oct 2014 11:22 AM

The FBI is petitioning the government for new powers to hack into computers for surveillance in what is being described  . . .

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