PepsiCo raises full-year revenue forecast
© Reuters. FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo
(Reuters) – PepsiCo (NASDAQ:PEP) Inc raised its full-revenue forecast on Tuesday, aided by higher prices and a rebound in demand for its sodas at theaters and restaurants.
The company said it now expects fiscal 2022 organic revenue to rise 8%, compared with its forecast of a 6% increase.
The company also said it took a $241 million charge in the first-quarter related to Russia-Ukraine crisis.
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