Business in the Burbs

Pepsi Bottling confirms ‘08 guidance

September

The Pepsi Bottling Group Inc., the Somers company that bottles Pepsi products, today confirmed it expects to earn $2.30 to $2.38 a share this year.

The company said it expects revenues to grow in the mid-single digits. Operating profit growth will be in the low-single digits and operating free cash flow will be about $620 million, according to the company’s projections.

Pepsi Bottling also said that it will earn $1.02 to $1.06 a share in the third quarter. That would be 4 to 7 percent more than last year.

Revenues will rise 3 percent, the company said.

This entry was posted on Thursday, September 4th, 2008 at 8:27 am by Allan Drury.
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