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NEW YORK - PepsiCo Inc. (NYSE:PEP) is looking to boost overseas revenue and gain market share in the world's top 20 snack and beverage markets.
The world's second-biggest food and beverage company said Monday that it still anticipates 2010 earnings growth of 11 per cent to 13 per cent and low-double-digit profit growth for 2011 and 2012. The forecast is on a core constant currency basis, which exclude certain items.
PepsiCo of Purchase, N.Y., said it wants to boost its international revenue at two times the real global GDP growth rate.
Food from PepsiCo's snack business, Frito-Lay, will be more closely marketed with its beverages now that the company owns its bottlers, Pepsi Bottling Group and PepsiAmericas.
PepsiCo plans to hold a two-day investor meeting at Yankee Stadium in New York starting Monday.
