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PepsiCo CFO: Commodities price movements not to have impact on

Posted on 26 July 2012

PepsiCo Inc. (PEP) does not expect to see much of an impact from swings in commodities prices for the balance of the year, even from a recent spike in corn prices, Hugh Johnston, the company’s chief financial officer, said Wednesday.
Johnston said the company’s businesses “grew solidly” in the quarter and that the rest of the year is “unfolding pretty well exactly” as anticipated.” PepsiCo reported a profit of $1.49 billion, or 94 cents a share, down from $1.89 billion, or $1.17 cents a share, a year earlier………………………………………..Full Article: Source


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