Pepsico Inc (PEP)

[Paule]

PepsiCo Expects to Achieve First Quarter EPS Estimates; Strong Volume Anticipated Across All Businesses


PURCHASE, N.Y., Apr 16, 2001 /PRNewswire via COMTEX/ -- PepsiCo announced today
that it expects to deliver EPS growth of 15%-plus for the first quarter, based
on healthy volume and revenue trends across all PepsiCo divisions. Pepsi-Cola
North America, in particular, is expected to report strong bottler case sales
growth of over 4%, based on strength across the bottling system and the addition
of SoBe.

"With the accelerating consumer demand for convenience and our focus on great
tasting convenient food and beverages, we are perfectly positioned to continue
driving double digit growth," said Chairman and Chief Executive Officer Roger
Enrico. "We are confident we will deliver a solid, high-quality first quarter,
consistent with the consensus estimate, and we believe we will achieve strong
results for the year in line with our goals."

PepsiCo will announce its first quarter earnings on April 23. A conference call
with financial analysts and investors will be webcast live over the Internet
that day at 11:00 AM (ET). PepsiCo will issue its complete financial results
before the market opens that morning.

The live webcast will be accessible through the company's website at
http://www.pepsico.com and will be archived at http://www.ccbn.com and at
http://www.vcall.com for a period of 90 days.

This release contains certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements are based
on currently available competitive, financial and economic data and our
operating plans and are naturally subject to uncertainty and changes in
circumstances. Actual results may vary materially from the expectations
contained herein.

SOURCE PepsiCo, Inc.


CONTACT: Richard M. Detwiler, Jr. Vice President, Public Relations,
 914-253-2725 or Kathleen Allen Luke, Vice President, Investor Relations,
 914-253-3691, both at PepsiCo, Inc.

URL: http://www.pepsico.com
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