PepsiCo Reports Third-Quarter 2008 Results
1) Net Revenue Growth of 11 Percent, Driven by Strong Performance in PepsiCo Americas Foods and PepsiCo International
2) Company Delivered $0.99 EPS ($1.08 consensus); Excluding Commodity Mark-to-Market Impact, EPS was $1.06
3) Announces Productivity for Growth Initiative to Generate Pre-tax Savings of More Than $1.2 Billion Over the Next 3 Years; Majority of Savings to Be Invested in Brand Building, Long-Term R&D, Innovation and Growth Initiatives in Key Markets
4) Identifies Potential Foreign Exchange Impact to its Full-Year 2008 EPS Guidance
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