, a soft drinks and snacks maker based in Purchase, N.Y., said that in the fourth quarter, it delivered a 3% increase in net revenue and reported EPS of 46 cents.
Excluding the impact of items affecting comparability, the company's fourth-quarter core EPS was up 11% to 88 cents, in line with previous guidance, reflecting strong net revenue management and cost discipline. PepsiCo said in a press release that foreign exchange adversely impacted net revenue growth in the quarter by 5.5 percentage points and core EPS by 5 cents.
Regarding 2009 guidance, PepsiCo said it anticipates that foreign exchange, at current spot rates, would adversely impact constant-currency core EPS by approximately 8 percentage points.
This article was written by a staff member of TheStreet.com.