Heard during PepsiCo's earnings call

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

Execs with PepsiCo (PEP +0.3%) say they expect the company to squeeze out close to 30 bps of margins gains a year on productivity improvements. When combined with estimates for mid-single digit top-line growth, EPS is forecast to move along briskly.

There is a "reasonable expectation" that buybacks will continue beyond 2014 at a similar pace.

Increased advertising at Frito-Lay North America should pay off as the brands entrench themselves.

CEO Indra Nooyi take on a question on CEO succession by noting that a talent model is in place to ensure any emergency contingency is covered, although she makes it clear her goal is to stay on for a while. "I am still in the chair," declares Noori.

Not even a hint that PepsiCo is the rumored buyer of shares of SodaSteam (SODA +1%).

Earnings call webcast