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PepsiCo Chief Executive Nooyi Sees U.S. Economy ‘Improving’

PepsiCo Inc. (PEP) Chief Executive Officer Indra Nooyi said the company has seen a turning point in the U.S. economy.

“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.

To contact the reporter on this story: Duane D. Stanford in Atlanta at dstanford2@bloomberg.net

To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net

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