“It is stable and improving,” Nooyi said today in an interview in New York, where PepsiCo was holding a meeting for investors.
The view of the economy, and a better understanding of how to manage unprecedented commodity inflation, gave PepsiCo confidence to “reset” earnings expectations now, Nooyi said.
PepsiCo’s profit this year will decline about 5 percent on a constant-currency basis and then increase at high single-digit percentage rate starting in 2013, according to a statement today.
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