...PepsiCo is guiding to 4% organic top-line growth in 2019, which is higher than the company's average organic growth of just 3% over the past two years. The company expects to achieve the higher growth by increasing capex to expand production and distribution capacity and by continuing to reinvest its productivity savings in innovation, product development, and advertising and marketing (A&M). These investments should lead to above-average, mid-single-digit percent top-line growth of its snack products internationally. According to Euromonitor, the savory- snack category should continue to outperform the broader soft- drink and staple-food categories. Savory snacks are forecasted to grow by about 2% annually in the U.S. and Western Europe. The company should outpace those growth rates by at least 3 percentage points internationally, with further penetration into emerging markets like Mexico, Brazil, and Russia. Another critical element of PepsiCo's growth plan is to continue to improve its...
