Pepsi expects more growth - strong dollar but slows down
In organic terms, revenues for the year as a whole are now expected to grow by at least 3 percent. Previously, the Group had assumed growth of 2.3 percent, as in the previous year. Acquisitions and currency effects are excluded from the sales forecast. The latter, however, have an impact on profits. Adjusted earnings per share for the full year are expected to be only 5.65 dollars, 5 US cents less than previously expected. Adjusted for currency effects, however, management still sees the profit increase at 9 percent.
Pepsi is particularly confident about the Frito-Lay snack division, which is providing solid growth with its potato and tortilla chips (Cheetos, Doritos) and other snacks popular in the USA. In the third quarter, Group sales increased by 1.5 percent to 16.5 billion US dollars (14.3 billion euros). Organic growth was 4.9 percent. Thanks in part to tax effects, profit increased by 16 percent to just under 2.5 billion dollars. Pepsi thus exceeded analysts' expectations./she/stw/jha/ (dpa)
Most read news
Other news from the department business & finance
Get the food & beverage industry in your inbox
From now on, don't miss a thing: Our newsletter for the food & beverage sector brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.