“We posted a solid second quarter, exceeding our core constant currency EPS growth target for the first half of the year,” said PepsiCo chairman and CEO Indra Nooyi. “Our results reflect our ability to generate sustainable growth across a global snack and beverage portfolio despite continued macroeconomic challenges.
“In line with our plan, our bottler integration is on track and unlocking opportunities and efficiencies. We continue to make investments in near- and long-term opportunities across both our developed and emerging markets, and I’m very pleased that we’ve taken a disciplined approach to our activities in North America. All of these things give us confidence that we can generate strong, sustainable growth in the second half of 2010 and beyond.”
PepsiCo chief financial officer Hugh Johnston said: “We’re benefiting from the acquisition of our anchor bottlers earlier this year and from improving trends across our global business. As planned, we’ve stepped up incremental investments around the world to capitalise on untapped consumer demand, including investments in marketplace infrastructure to support our expanding China beverage business and innovation across our global snacks portfolio. We remain confident in our ability to meet our full-year core constant currency EPS target of 11-13%.”
Source: PepsiCo
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