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Pepsi affirms guidance
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January 9, 2002: 5:02 p.m. ET
Pepsi affirms earnings forecast for 2001 and annual growth targets.
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NEW YORK (CNN/Money) - PepsiCo affirmed its guidance for 2001 earnings and also reiterated its future growth forecasts Wednesday.
Pepsi (PEP: Research, Estimates) said it is comfortable with its forecast of 2001 earnings of $1.66 per share, the same as First Call's consensus number, and with its target of 13 to 14 percent annual earnings-per-share growth.
"Our businesses generated strong, healthy growth throughout 2001, which enabled us to deliver our targets and to reinvest in the business to ensure that growth continues into the future," said Steve Reinemund, Pepsi chairman and CEO, in a statement.
Pepsi will report 2001 fourth-quarter and full-year earnings on Feb. 6. 
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