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The company now expects comparable diluted earnings per share (EPS) of USD0.70 to USD0.74 in the second quarter, a USD0.05 increase over the previous guidance.
For the full-year 2009, PBG now expects comparable diluted EPS in the range of USD2.30 to USD2.40, a USD0.10 increase over the previous guidance.
Also, the company also raised its full-year operating free cash flow guidance to USD5252m, representing a USD25m increase over the guidance provided earlier.
According to PBG, the key drivers of the revised outlook were improved carbonated soft drink performance in the US; decreased volatility in foreign currencies; and continued commodity cost deflation.
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