US: Pepsi Bottling affirms 2006 forecasts
The Pepsi Bottling Group has affirmed its expectations for this year.
The company, which is the largest manufacturer, seller and distributor of Pepsi-Cola products, said yesterday (15 November) that full-year 2006 diluted earnings-per-share should come in between US$1.90 and $1.93.
Turning to volumes, the company expects worldwide growth in the period of around 4% on a constant territory basis, with the US generating a 3% increase.
Last month, the company reported a 1% increase in net income for its third quarter, to $207m. Revenues for the three-month period were up by 7.6% at $3.46bn.
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