The company also announced 2014 financial targets that are consistent with its long-term goals.
“We are pleased to report that PepsiCo achieved its financial goals for 2013, despite continued challenging and volatile macroeconomic conditions around the globe,” said chairman and CEO Indra Nooyi. “We met or exceeded our organic revenue, cash flow, productivity and core operating margin, constant currency EPS and net ROIC targets and, at the same time, continued to invest in our brands, innovation and execution to strengthen the long-term health of our business.
“Our financial targets for 2014 are consistent with our long-term goals. As a reflection of our positive outlook for the business and our expectation for consistent, strong cash flow generation, we intend to increase our cash returns to shareholders in 2014 to $8.7bn through both higher dividends and share repurchases.”
Source: PepsiCo
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