PBG raises guidance

June 2, 2009
/ Print / Reprints /
/ Text Size+

Things are looking up for the soft drink industry, Pepsi Bottling Group reported in its second-quarter and full-year earnings guidance today. The Somers, N.Y.-based company has raised its earnings guidance, and says it expects to deliver comparable diluted earnings per share (EPS) of $0.70 to $0.74 in the second quarter, a $0.05 increase from its previous guidance range.
For the full-year, PBG expects comparable diluted EPS in the range of $2.30 to $2.40, up $0.10 from the company's previous forecast. The company also raised its full-year operating free cash flow guidance by $25 million to $525 million.
The company says its revised outlook is based on improved carbonated soft drink performance in the United States, decreased volatility in foreign currencies, and continued commodity cost deflation.
"PBG's strong start to the year has continued in the second quarter," said PBG Chairman and Chief Executive Officer Eric Foss in a statement. "Improving fundamentals in our U.S. and Canada business, coupled with the success of our global pricing strategy, are producing solid results. We're also delivering significant cost and productivity savings and superior execution at the point of sale. At the same time, we're beginning to see favorable trends within our sector as well as in the commodity and foreign currency markets. As a result, our performance continues to exceed our expectations and we are raising our guidance."
"Our focus for the balance of the year and beyond will remain on strengthening our brand portfolio, transforming our performance through operational excellence, and pursuing geographic growth opportunities," he added. "As global economies recover and the liquid refreshment category rebounds, PBG will be well positioned to win in the marketplace and create shareholder value."

 Did you enjoy this article? Click here to subscribe to Beverage Industry.  

You must login or register in order to post a comment.



Image Galleries

International Pineapple Day at Bahama Breeze

In celebration of International Pineapple Day on April 2, Bahama Breeze locations across the country invited the media and consumers to celebrate with cocktails that feature the tropical flavor of the pineapple. (Photos by Liz Parker and Jennifer Haderspeck)

10/10/13 2:00 pm EDT

Ditch the weighting agents: A cost effective solution for delivering flavors and actives

Available On Demand Learn how to reduce costs and energy use by enabling high oil load emulsions, eliminating the need for weighting agents like brominated vegetable oil (BVO).


Beverage Industry Magazine

BI April 2014 cover

2014 April

The April 2014 Beverage Industry includes a cover story on moonshine, as well as articles about CSD brands, whiskey, and more. Check it out today!

Table Of Contents Subscribe

Beverage Insider eNewsletter

Are you an Insider? Subscribe to Beverage Industry’s weekly e-newsletter to receive news headlines, new product information and magazine highlights.   

Spirits Segments

Which spirits segment will perform the best in 2014?
View Results Poll Archive


Cleaning-in-Place: Dairy, Food and Beverage Operations, 3rd Edition

This book addresses the principles of cleaning operations, water supply issues and the science of detergents and disinfectants.

More Products


Beverage Industry Webinars are an easy, effective and convenient way to get educated and informed on the latest industry trends and topics. All Webinars are FREE unless indicated. For more information, check out our Events page!


facebook40 twitter    youtubelinked