FILE PHOTO: FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo
July 13, 2021
(Reuters) – PepsiCo Inc raised its full-year earnings forecast on Tuesday, betting on accelerating demand for its sodas in theaters, restaurants and stadiums as they pull back crowds following the easing of COVID-19 restrictions.
The company said it expects fiscal 2021 core earnings per share to increase 11%, compared with prior forecast of a high-single-digit increase.
(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)