date:Jul 24, 2014
urrency fluctuations, up from a previous target of 7 per cent.
The results may help chief executive officer Indra Nooyi ward off an attack from Peltz, the billionaire investor who has lobbied to break up the companys snack and beverage businesses. PepsiCos management and board have spurned that idea, opting instead for a plan to improve performance and cut costs. The beverage company has now made enough progress that its ready to boost its forecast, chief financial officer Hugh Johnston said.