Pepsico: raises FY growth target

(CercleFinance.com) - On announcing its quarterly results, PepsiCo said that it is raising its organic revenue growth forecast for 2022 to +10%, vs.
a previous forecast of +8%, while maintaining its core EPS growth target at 8% increase at constant exchange rates.

The food company reported Q2 2022 EPS that is down 39% to 1.03 dollar, but core EPS was 1.86 dollar, up 10% at constant exchange rates.

The owner of Pepsi soft drinks, Lays crisps and Quaker cereals, amongst other products, posted quarterly sales of over 20.2 billion dollars, up 5.2% as reported and up 13% on an organic basis.


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