Pepsi Bottling Group Reports Inline EPS, Top Line Misses, Reiterates Guidance (PBG)

Tue. October 06, 2009; Posted: 07:46 AM

Oct 06, 2009 (SmarTrend(R) News Watch via COMTEX) -- PBG | Quote | Chart | News | PowerRating -- 10/6/2009-Pepsi Bottling Group (NYSE:PBG) reported fiscal Q3 EPS of $1.06, inline with consensus estimates. Revenues in the quarter fell 5.1% year-over-year to $3.63 billion, and came in short of consensus estimates of $3.73 billion. Pepsi Bottling confirmed its full-year 2009 EPS guidance at the high end of its previously forecasted range of $2.30 to $2.40 (vs. consensus estimates of $2.39).

The company offered this forward looking statement, "The Company forecasts currency neutral top-line growth in the low-single digits. Currency neutral operating income on a comparable basis is expected to grow in the low to mid-single digits for the year. Operating free cash flow is now expected to be approximately $550 million, an increase of $100 million from the beginning of 2009, including increased pension funding and foreign currency headwinds but excluding advisory fees related to the pending PepsiCo transaction. The Company anticipates capital expenditures of about $550 to $600 million."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Pepsi Bottling Group Inc (PBG) click here. Pepsi Bottling Group Inc (PBG) has Short Term PowerRatings of 6. Details on Pepsi Bottling Group Inc (PBG) Short Term PowerRatings is available at This Link.

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