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PepsiCo: Q4 in line with expectations

(CercleFinance.com) - PepsiCo has reported a net loss of 50 cents per share for the last quarter of 2017, weighed on by a charge relating to the US tax reform.

Adjusted EPS rose by 9% to 1.31 dollar, in line with the consensus.

Revenues of the agri-food group, which amongst other brands owns Pepsi cola, Lays crisps and Quaker cereals - were flat at 19.5 billion dollars, although were up 2.3% in organic terms.

With adjusted FY 2017 EPS of 5.23 dollars, PepsiCo expects 9% EPS growth to 5.70 dollars in 2018, for organic sales growth "at least in line with the growth rate of 2017".

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