PepsiCo is confident in meeting the challenges it faces in today's business climate.We really do think we've got a portfolio of brands and market positions that enable us to manage rising costs effectively,says chief financial officer Hugh Johnson.My expectation is,we'll be taking pricing across the whole of our business.Strong brands growth is offsetting higher commodity costs.
While you see some challenges in developed markets,developing markets are growing quite strongly.We feel committed to 7-8% growth this year,Mr.Johnson noted.
PepsiCo beat Q1 earnings estimates slightly on both the top and bottom lines,but has an outlook a little below Wall Street expectations.In December 2010,it announced it was acquiring a controlling stake in Wimm-Bill-Dann,a Russian beverage titan.Wimm-Bill-Dann is the market leader in dairy products and children's food in Russia,Ukraine and the Commonwealth of Independent States,and a major producer of juice drinks.For PepsiCo,it's another move away from carbonated beverages to a much broader porfolio of brands.
PepsiCo is led by CEO Indra Nooyi.
PepsiCo(PEP),Wimm-Bill-Dann(WBD)
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