TheNewsRoom | Pepsi Lowers Guidance, Inks Deal with Dr Pepper

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Pepsi Lowers Guidance, Inks Deal with Dr Pepper

December 09, 2009

PepsiCo (PEP) lowered the high end of its fiscal 2009 forecast late yesterday, and announced a deal with Dr Pepper Snapple Group (DPS) to distribute its beverages. Pepsi said 2009 net revenue should rise 5 percent, with adjusted earnings per share in a range of $3.86 to $3.90.