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Pepsi (PEP) Sees 3 Point Hit on FY12 EPS from Unfavorable FX Translation

September 4, 2012 4:23 PM EDT
In advance of The Barclays Capital Back-to-School Consumer Conference in Boston, Massachusetts, PepsiCo, Inc. (NYSE: PEP) today stated that, consistent with its previous guidance for 2012, PepsiCo expects a decline in core constant currency earnings per share of approximately 5 percent from its fiscal 2011 core earnings per share of $4.40.

Based on the current foreign exchange market consensus, foreign exchange translation would have an unfavorable impact of approximately three percentage points on PepsiCo’s full year core EPS performance in 2012.


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