PepsiCo, Inc. (PEP) Tops Q4 EPS by 4c
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PepsiCo (PEP) Unveils New 5-Year Productivity Program; Increases Dividends, Buybacks
February 13, 2014 7:03 AM ESTPepsiCo, Inc. (NYSE: PEP) announced a new 5-year, $5 billion productivity program (2015-2019). The savings are expected to come from accelerating investment in manufacturing automation, further optimizing the company's global manufacturing footprint, including closing of certain manufacturing facilities, re-engineering go-to-market systems in developed markets, expanding shared services and implementing simplified organization structures to drive efficiency. As a result of these actions, it expects to sustain approximately $1 billion in annual productivity savings through 2019. The... More
