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New PepsiCo push for cost cuts as strong US$ hits sales
Published Fri, Apr 24, 2015 · 09:50 PM
Atlanta
PEPSICO Inc, the world's largest snack maker and second-largest beverage company, vowed to keep a tight lid on expenses this year as the strong dollar takes a bigger bite out of overseas sales than expected.
The company said on Thursday that it remains on track to achieve US$1 billion in cost savings this year and plans to return US$8.5 billion to US$9 billion to shareholders.
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