Stocks to Watch: PepsiCo Sticks by Guidance

PepsiCo (PEP Quote) reaffirmed its guidance for 2002, saying it still expects 5% to 6% volume growth for the year. "Two months into the year we are seeing good results across our portfolio, and we expect to achieve our previously stated targets for the full year 2002," the company said in a press release. The company expects 6% to 7% revenue growth this year, along with 11% to 12% operating profit growth and 13% to 14% earnings per share growth.

Earnings Reports & Outlooks

Longs Drug Stores (LDG Quote) said February same-store sales rose 4.2%. Total sales climbed 5.2% to $333 million from $316.4 million.

StemCells (STEM Quote) posted a fourth-quarter loss of 15 cents a share. In the year-ago period, the company lost 30 cents. StemCells is a biotechnology company focused on the development and commercialization of stem cell-based therapies to treat diseases of the central nervous system, liver and pancreas. ...