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News Breaks
February 21, 2013
10:57 EDTPEPPepsiCo CFO says sees 2013 EPS core constant currency EPS growth 6%-7%
Sees organic revenue growth mid single digits. Says sees core effective tax rate approximately 27%, low single digit commodity inflation. He says forex could have up to 1 point negative impact on revenue, sees forex translation having negative 2 point impact on Q1 EPS.. Longer-term, sees 2/3 growth from snacks and, from a geographic perspective, sees 2/3 of growth from developing and emerging markets. Says portfolio largely where it needs to be, does not see need for any large-scale M&A. Expects to return approximately $6.4B to shareholders in 2013. Comments made at CAGNY 2013.
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