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(PEP) PepsiCo Sees Profit Growth as Snacking Recovers From Pandemic

(PEP) PepsiCo Sees Profit Growth as Snacking Recovers From Pandemic
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PepsiCo Inc. forecast full-year profit growth as consumers buy more Frito-Lay chips, Mountain Dew sodas, and Gatorade sports drinks, returning to pre-pandemic buying patterns.

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The snack-food maker forecastBloomberg Terminal earnings per share growth of at least 8% on an adjusted basis. Pepsi also now sees organic revenue rising at least 4% in fiscal 2024, compared with its previous view that the measure would be near the upper end of its long-term target range of 4% to 6%.

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