×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: US | PepsiCo | Outlook

PepsiCo Intends to Increase Overseas Revenue

Monday, 22 March 2010 07:22 AM EDT

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 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Headline
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...
US,PepsiCo,Outlook
142
2010-22-22
Monday, 22 March 2010 07:22 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

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