PepsiCo Sees Full-Year Organic Revenue Growth
October 01 2020 - 6:57AM
Dow Jones News
By Matt Grossman
PepsiCo Inc. Thursday said it expects to finish 2020 with
single-digit organic revenue growth.
The Purchase, N.Y.-based food and beverage maker said full-year
organic revenue growth in 2020 of about 4% year over year. PepsiCo
said it expects adjusted per-share earnings of $5.50.
Analysts surveyed by FactSet had been forecasting full-year
adjusted earnings of $5.36 a share.
PepsiCo forecast $10 billion in cash from operating activities,
and free cash flow of $6 billion for the year.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 01, 2020 06:42 ET (10:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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