PepsiCo raises FY23 core EPS view to $7.54 from $7.47

Consensus is $7.49. The company continues to expect: 10 percent organic revenue growth; A core annual effective tax rate of 20 percent; and Total cash returns to shareholders of approximately $7.7 billion, comprised of dividends of $6.7 billion and share repurchases of $1.0 billion. For fiscal year 2023, the company now expects to deliver 13 percent core constant currency EPS growth. In addition, the company continues to expect an approximate 2-percentage-point foreign exchange translation headwind to impact reported net revenue and core EPS growth based on current market consensus rates.