The Pepsi Bottling Group, Inc. will confirm its second quarter earnings guidance at a company-hosted meeting for investors and financial analysts in Monterrey, Mexico today.

PBG expects to generate diluted earnings per share of between US$0.49 and $0.51 in the second quarter 2004.

"We're very pleased with the momentum we have in our business," said John T. Cahill, chairman and CEO of PBG.

"The trends we saw during the first quarter have continued into the second and we are on track to meet our objectives for the quarter."