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ID NEWS: PepsiCo results not impacted by USF, Fleming woes

By Restaurant Business Staff on Apr. 17, 2003
PepsiCo, Inc., Purchase, NY, says problems at U.S. Foodservice (USF), Columbia, MD, and Fleming Companies, Dallas, will not have a material impact on its financials, according to a Reuters report.

Nor has PepsiCo been contacted by the Securities and Exchange Commission (SEC) concerning its sales to USF, PepsiCo CFO Indra Nooyi said, during a morning conference call.

The branded supplier of snack and drink products recorded a 13% increase in first-quarter profits and says it sees no reason for a change in long-term outlook for increasing volume and net revenue at mid-single-digit percentage rates.

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