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PepsiCo raises full-year profit forecast Reuters

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© Reuters. File photo: File photo: A Pepsi bottle taken at a grocery store in Pasadena, California, USA on July 11, 2017. REUTERS/Mario Anzuoni/File Photo

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(Reuters)-PepsiCo (NASDAQ:) on Tuesday raised its full-year profit forecast, betting that demand for its soda in theaters, restaurants, and stadiums will accelerate because of the relaxation of restrictions due to COVID-19 , The number of spectators decreased.

The company said that it expects core earnings per share for fiscal 2021 to grow by 11%, compared with previous forecasts of high single-digit growth.

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