2012 Guidance and Outlook Consistent with its previous guidance for 2012, the company expects a decline in core constant currency EPS of approximately 5 percent from its fiscal 2011 core EPS of $4.40. Based on the current forex market consensus, foreign exchange translation would have an unfavorable impact of approximately two percentage points on the company's full year core EPS performance in 2012.
The company expects core constant currency net revenue growth of low-single-digits reflecting the impact of structural changes, principally refranchisings, which are expected to reduce core constant currency net revenue growth by approximately three percentage points for the full year. Excluding these structural changes, core constant currency net revenue is expected to grow mid-single-digits, consistent with the company's prior guidance.
The company is targeting approximately $8 billion in cash flow from operating activities and more than $6 billion in management operating cash flow (excluding certain items) in 2012, which includes the favorable impact of an expected 10 percent reduction in capital spending and improved working capital efficiency. The company also made a pretax discretionary pension and retiree medical contribution of $1 billion in the first quarter of 2012.
pepsico news 2012
PepsiCo Continues Global Marketing Structure Reorg
Reflecting PepsiCo's aggressive transition to a global, as opposed to multiregional, marketing structure, the company is making more changes in its top marketing ranks. Read More
PepsiCo, Walmart Partner to Manage Ecosystem Risks
Anglo American, Grupo Andre Maggi, PepsiCo, Vale, Votorantim and Walmart have partnered to develop business strategies that protect the ecosystems in which they operate in Brazil. Read More
PepsiCo to Cut 8,700 Jobs, Spend More on Marketing Brands
PepsiCo Inc. (PEP) plans to cut 8,700 jobs and boost marketing spending for its brands by as much as $600 million as Chief Executive Officer Indra Nooyi works to speed up profit growth at the world’s largest snack-food maker. The job cuts, which represent about 3 percent of PepsiCo’s global workforce, and other measures may save about $1.5 billion by 2014, the Purchase, New York-based company said today in a statement. Read More
PepsiCo India and PVR renew their strategic partnership
PepsiCo India, country’s leading food and beverage company and PVR Limited country’s pioneer multiplex chain and leading entertainment company have announced the renewal of their strategic partnership today. As part of this 5-year partnership, PepsiCo India will be the official ‘Pouring Partner’ for carbonated soft drinks, health drinks and juice based drinks, beverages, packaged juices and water at all 166 PVR screens spread over 22 cities across India. With this, PepsiCo India strengthens its position as a food and beverage player in the organized multiplex category. Read More
Pepsi Canada Brings Back Its Taste Challenge Campaign
PepsiCo Beverages Canada has returned the Pepsi Taste Challenge—a campaign that was first rolled out in 1976 as a strategic move in a continuous competition with Coca-Cola. Read More
About PepsiCo
About PepsiCo PepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Our main businesses - Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola - make hundreds of enjoyable foods and beverages that are loved throughout the world.
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