News Update: PepsiCo Reaffirms 2010 EPS Growth Guidance Despite Bottling Unit Acquisitions

PepsiCo (NYSE:PEP) announced Monday that it continues to expect 2010 core constant currency EPS growth of 11% to 13%.

Meanwhile, PepsiCo said it sees low-double-digit core constant currency EPS growth in 2011 and 2012.

The comments came amid Pepsi's $7.8 billion strategic acquisitions of its two largest bottlers, The Pepsi Bottling Group Inc. (NYSE:PBG) and PepsiAmericas Inc. (NYSE:PAS).

PepsiCo expects the acquisitions to create pre-tax cost savings of about $125 million to $150 million in 2010 and approximately $400 million every year starting in 2012.

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