PepsiCo Inc Reaffirms FY 2013 Guidance
PepsiCo Inc announced that consistent with its previous guidance for fiscal 2013, the Company expects 7% core constant currency EPS growth versus its fiscal 2012 core EPS of $4.10. Based on the current foreign exchange market consensus, the Company now expects that foreign exchange translation will have an unfavorable impact of approximately 2% points on the Company's full-year core EPS performance in fiscal 2013. The Company's fiscal 2013 core constant currency EPS guidance includes the impact of the second quarter Vietnam gain, which is expected to be offset by the Company's incremental investments in the second quarter and over the remainder of 2013. Excluding the impact of structural changes and foreign exchange translation, organic revenue for fiscal 2013 is expected to grow mid-single digits, consistent with the company's long-term targets. The Company reported revenue of $65.492 billion for fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $67.519 billion and EPS of $4.40 for fiscal 2013.
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