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For the full year, The Pepsi Bottling Group (PBG) now expects comparable diluted earnings per share in the range of $2.30 to $2.40, up 10 cents from the company's previous forecast. The company also raised its full-year operating free cash flow guidance by $25 million to $525 million.
Eric Foss, chairman and CEO of PBG, said: "PBG's strong start to the year has continued in the second quarter. Improving fundamentals in our US 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."
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