The Pepsi generation is now next generation.
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The Somers-based Pepsi Bottling Group Inc. (NYSE: PBG) announced it will webcast its second quarter 2009 earnings conference call with financial analysts and investors on Wednesday, July 8, at 11 a.m. “Successful execution of our global pricing strategy, as well as our cost and productivity initiatives, allowed us to exceed our profit and earnings objectives for the quarter,” said Eric Foss, PBG chairman and CEO, in a company-issued statement. “We also possess a healthy balance sheet and ample liquidity, which enabled us to increase our dividend for the sixth consecutive year and make important investments in the future growth of our business.
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“The strength of our first quarter performance and the confidence we have in our plans for the remainder of 2009 has led us to raise our full-year earnings and operating free cash flow guidance,” Foss said. “Our efforts to strengthen our brand portfolio, transform our performance through operational excellence, and capitalize on geographic growth opportunities will position PBG well to achieve greater success going forward.”
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PBG will release its second quarter financial results before the market opens that morning. The live webcast will be accessible at www.pbg.com. A replay of the conference call will be archived and available online.
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The Somers-based Pepsi Bottling Group (PBG) is the world”™s largest manufacturer, seller and distributor of Pepsi-Cola beverages. It became a publicly traded company a decade ago. PBG generates nearly $14 billion in annual sales. Its first quarter net income of $58 million bettered Q-1 of 2008, which saw a net income of $28 million.
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The company operates in the United States, Canada, Greece, Mexico, Russia, Spain and Turkey, accounting for more than one-half of the Pepsi-Cola beverages sold in North America, and about 40 percent of the Pepsi-Cola system volume worldwide. PBG sells 200 million eight-ounce servings of Pepsi-Cola drinks per day.
