PepsiCo Continues To Expect Organic Revenue Growth +10%
Portfolio Pulse from Benzinga Newsdesk
PepsiCo has updated its fiscal year 2023 guidance, now expecting to deliver 13 percent core constant currency EPS growth, up from the previously expected 12 percent. The company continues to expect 10 percent organic revenue growth, a core annual effective tax rate of 20 percent, and total cash returns to shareholders of approximately $7.7 billion. For fiscal year 2024, PepsiCo expects to deliver results towards the upper end of its long-term target ranges for both organic revenue and core constant currency EPS growth.
October 10, 2023 | 10:05 am
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PepsiCo has raised its EPS growth guidance for FY2023, which could positively impact its stock. The company's continued expectation of 10% organic revenue growth and total cash returns to shareholders of $7.7 billion also bodes well for investors.
PepsiCo's raised EPS growth guidance for FY2023 indicates the company's strong financial performance and positive outlook, which could boost investor confidence and drive the stock price up. The company's continued expectation of 10% organic revenue growth and significant cash returns to shareholders further strengthens its investment appeal.
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