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)

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