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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| PepsiCo Inc | NASDAQ:PEP | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.835 | -0.47% | 175.075 | 175.06 | 175.09 | 175.90 | 173.66 | 175.46 | 1,119,886 | 16:23:32 |
From May 2021 to May 2024
By Dave Sebastian
PepsiCo Inc. said it raised its guidance for the full year given its performance so far this year, while it navigates a volatile supply-chain and cost environment.
The food-and-beverage company on Tuesday said it expects organic revenue to grow about 8% for fiscal 2021, compared with its prior guidance of 6%.
It sees core constant currency earnings per share growth of at least 11%, compared with its prior outlook of 11%. The company expects core EPS to grow at least 12%, compared with its previous guidance of 12%.
PepsiCo said it continues to expect cash returns to shareholders of about $5.9 billion, comprising about $5.8 billion in dividends and $106 million in share repurchases.
The company said it has completed its share-buyback activity, and that it doesn't expect to repurchase additional shares for the rest of the year.
PepsiCo said it continues to expect a core annual effective tax rate of about 21%.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 05, 2021 06:44 ET (10:44 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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