The world's second-biggest food and beverage company says it still expects 2010 earnings growth of 11 percent to 13 percent and low-double-digit profit growth for 2011 and 2012, excluding some items.
PepsiCo Inc. says it wants to boost its international revenue at two times the real global GDP growth rate. The Purchase, N.Y. company also wants to gain market share in its snacks and liquid refreshment beverage segments in the top 20 markets.
Food from PepsiCo's snack business, Frito-Lay, will be more closely marketed with its beverages now that the company owns its bottlers, Pepsi Bottling Group and PepsiAmericas.
