Soft drinks maker PepsiCo has cut its earnings forecast for 2011, warning that higher commodity prices will push its costs up and citing a weak economy.
Link: http://www.bbc.co.uk/news/business-12418557
Friday, 25 February 2011
Pepsi cuts earnings forecast on higher commodity prices
Date: Feb 10, 2011
The company said it was mindful that consumer spending could be weak given high levels of unemployment in key developed markets. It is also concerned about high raw material costs, and "a potentially difficult competitive pricing environment, particularly in beverages".
Link: http://www.bbc.co.uk/news/business-12418557
Link: http://www.bbc.co.uk/news/business-12418557
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