PepsiCo Chief Executive Nooyi Sees U.S. Economy ‘Improving’
February 10, 2012, 5:54 AM ESTBy Duane D. Stanford
Feb. 9 (Bloomberg) -- PepsiCo Inc. 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.
--Editors: James Callan, Kevin Orland
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
