PepsiCo Inc. ISSUED a Weak outlook for the upcoming year with a View That the high commodity cost inflation will be tough Thurs pass along the Consumers Thurs.
Shares were down 1.5% premarket to $ 63.48, as the company said it EE per-share earnings Growth of 7% to 8% from $ 4.13 last year, a view That "some analysts said Could Be viewed as a failure of management That has Pursued Growth by Expanding into emerging markets, and making a big purchase of two large Bottling Operations. Analysts are averages were looking for 11% Growth.
The view on Pepsi Comes Reported a 5% drop in fourth-quarter earnings, though sales at the food-and-beverage giant Grew at ITS Domestic business.
Pepsi's Expecting high on unemployment and low consumer confidence Thurs Keep Customers looking for value, Which will make it hard for it to Raise Prices Thurs account for what is sees as "Extraordinary levels of inflation" this upcoming year amid a spike in global commodities.
Pepsi says beverage pricing Especially Will Remain Competitive, Which Comes in light of Coca-Cola Co.. 's Recent strong performance Where it has Continued Thurs guarantees market share from Pepsi.
No comments:
Post a Comment