Pepsi Bottling Group posts fourth quarter profits

February 2, 2010
/ Print / Reprints /
ShareMore
/ Text Size+

The Pepsi Bottling Group Inc., Somers, N.Y., today announced a profit for its fiscal fourth quarter. PBG, which is being purchased by PepsiCo, reported net income of $90 million in the quarter. Worldwide revenue was flat in the latest quarter, and worldwide net revenue per case increased three percent. Total worldwide case volume declined three percent in the quarter.

The bottler also reported a net income of $612 million for its 2009 full-year results. For the full-year 2009, PBG’s revenue decreased four percent to $13.22 billion from $13.8 billion. Net revenue per case declined one percent, with two percent growth in the United States and Canada and double-digit declines in Europe and Mexico.

Total worldwide case volume declined three percent for the full year, the company reported. Volume declined two percent in the United States and Canada, four percent in Mexico and eight percent in Europe, where the macroeconomic challenges were more acute, the company said.

“At the beginning of 2009, we expressed optimism that PBG would continue to perform well in the marketplace despite ongoing macroeconomic challenges,” said PBG Chairman and Chief Executive Officer Eric Foss, in a statement. “Our ability to achieve our full year targets demonstrates that our optimism was justified, as we executed our game plan effectively and delivered a strong set of financial results.” 

“Progress in several key areas helped contribute to our success throughout the year,” Foss added. “We continued to strengthen our brand portfolio. We maintained a relentless focus on operational excellence. And we enhanced our geographic portfolio in the U.S. and abroad. I’m proud of our employees, each of whom played a role in achieving our results, and I remain very optimistic about the future of the Pepsi system.”

PBG also announced plans to acquire northern California-based Pepsi-Cola Bottling Co. of Yuba City Inc. The purchase of Pepsi-Cola Bottling Co. of Yuba City Inc. is the sixth in a series of deals that PBG has announced since the beginning of 2008 to expand the company’s footprint in the United States. 

The Yuba City bottler has been owned by the Cary family since 1944 when John Cary Sr. purchased the Pepsi-Cola franchise. Currently, John Cary II serves as the company’s president. 

“Acquiring well-run independent bottlers continues to be an important part of our strategy to capitalize on geographic growth opportunities,” Foss said, in a statement. “The Cary family has operated a terrific company for more than six decades. Their business, as well as their talented employees, will strengthen our organization. We look forward to building on their commitment to customer service and community involvement in the years to come.”

The company expects the transaction, the financial terms of which were not disclosed, to be completed during the second quarter of 2010. 

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

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

Multimedia

Videos

Image Galleries

Dinner with Tequila Don Julio

Diageo is taking its Tequila Don Julio brand on the road this summer with a rolling Airstream Speakeasy mobile craft cocktail bar. The team stopped in Chicago on July 29 to share some specialty tequila cocktails paired with food from Chicago restaurants Honey Butter Fried Chicken and The Radler as well as dessert venues Black Dog Gelato and Baker Miller. (Photos by Jennifer Haderspeck)

9/17/14 2:00 pm EDT

The Path to New Product Success: Navigating the latest trends for new beverage development

By attending this webinar, you will learn about the top trends and how they fit into the CPG market, which channels are influencing new products and technology, how Packaging fits into your product development, and ways you can use innovation to increase sales.

Podcasts

Maintaining beverage dispensing equipment

Iuliana Nita, Saint-Gobain Performance Plastics global marketing manager of food and beverage, offers her insights about ensuring sanitary performance of beverage dispensing equipment in foodservice applications. She also will offer some tips about choosing the right kind of tubing to handle acidic beverages.

Beverage Industry Magazine

BI September 2014 cover

2014 September

The September 2014 Beverage Industry includes a cover story on our Wholesaler of the Year, The Odom Corp., as well as articles about single-cup and iced coffees, cconvenience store growth, vegetable flavors, 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.   

Coffee Segments

Which coffee segment will be impacted the most by coffee bean increases?
View Results Poll Archive

THE BEVERAGE INDUSTRY STORE

cleaning-in-place-dairy-foo.gif
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

Webinars

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!

STAY CONNECTED

facebook40 twitter    youtubelinkedgoogle+ icon 40px