PURCHASE, N.Y., June 10 /PRNewswire-FirstCall/ -- In comments during
meetings next week with investors in London and at The Deutsche Bank Global
Consumer and Food Retail Conference in Paris, PepsiCo's CFO Richard Goodman
will express confidence in the Company's business outlook and confirm its
full-year 2008 guidance. The Company expects 2008 earnings per share of at
least $3.72 -- unchanged from its previous guidance.
About PepsiCo
PepsiCo (NYSE: PEP) is one of the world's largest food and beverage
companies, with 2007 annual revenues of more than $39 billion. The Company
employs approximately 185,000 people worldwide, and its products are sold in
approximately 200 countries. Its principal businesses include: Frito-Lay
snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and
Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1
billion or more each in annual retail sales. PepsiCo's commitment to
sustainable growth, defined as Performance with Purpose, is focused on
generating healthy financial returns while giving back to communities the
Company serves. This includes meeting consumer needs for a spectrum of
convenient foods and beverages, reducing the Company's impact on the
environment through water, energy and packaging initiatives, and supporting
its employees through a diverse and inclusive culture that recruits and
retains world-class talent. PepsiCo is listed on the Dow Jones Sustainability
North America Index and the Dow Jones Sustainability World Index. For more
information, please visit www.pepsico.com.
Cautionary Statement
This release contains statements concerning PepsiCo's expectations for
future performance, including our 2008 guidance. These "forward-looking
statements" are based on currently available information, operating plans and
projections about future events and trends. They inherently involve risks and
uncertainties that could cause actual results to differ materially from those
predicted in such forward-looking statements. Such risks and uncertainties
include, but are not limited to: changes in demand for our products, as a
result of shifts in consumer preferences or otherwise; our ability to maintain
our reputation; our ability to build and sustain our information technology
infrastructure, successfully implement our business process transformation
initiative or outsource certain functions effectively; fluctuations in the
cost and availability of raw materials; our ability to compete effectively;
disruption of our supply chain; trade consolidation, the loss of any key
customer, or failure to maintain good relationships with our bottling
partners; changes in the legal or regulatory environment; our ability to hire
or retain key employees; unfavorable economic, environmental or political
conditions in the countries where we operate; and market risks arising from
changes in commodity prices, foreign exchange rates and interest rates. For
additional information on these and other factors that could cause our actual
results to materially differ from those set forth herein, please see our
filings with the Securities and Exchange Commission, including our most recent
annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K.
Investors are cautioned not to place undue reliance on any such forward-
looking statements, which speak only as of the date they are made. PepsiCo
undertakes no obligation to update any forward looking statements, whether as
a result of new information, future events or otherwise.
SOURCE PepsiCo
