PepsiCo sees FY23 core EPS $7.20, consensus $7.28

For 2023, the company expects: 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. In addition, the company expects an approximate 2-percentage-point foreign exchange translation headwind to impact reported net revenue and core EPS growth based on current market consensus rates.