US: Pepsi Bottling Group downgraded
Credit Suisse First Boston has reduced its rating for the bottler from "outperform" to "neutral", while JP Morgan has cut its rating from "overweight" to "neutral".
Yesterday, PBG confirmed its earnings-per-share guidance for the third quarter of 2003 of US$0.66 to US$0.70.
But the company said it expects EPS to come in at the lower end of the range, reflecting flat volumes in the US and weaker volumes in Mexico. PBG says it expects to finish the quarter with Mexican volumes down by 5%.
A recent report on the UK soft drinks market showed that growth in non-carbonates at the expense of traditional carbonated soft drinks is much less marked in the on-premise sector than in the take-hom...
The Pepsi Bottling Group (PBG) has agreed a deal with Hershey Entertainment & Resorts which will see Pepsi become the official beverage at numerous Hershey resorts including Hersheypark, The Hotel Her...
The Pepsi Bottling Group has appointed a new independent auditor....
PepsiCo's president and CFO, Indra Nooyi, has been forced to apologise for remarks she made whilst speaking to the 2005 graduating class of Columbia University's Business School in New York City last ...
PepsiCo has confirmed that it is to drop its low-calorie drink Pepsi Edge....
PepsiCo is rolling out a lime version of its Pepsi and Diet Pepsi brands....
PepsiAmericas yesterday reported a small rise in first quarter net income and earnings per share to US$20.8m and US$0.15 respectively. The results compares to net income of US$20.5m US$0.14 for the fi...
Cadbury Schweppes plans to add Splenda artificial sweetener to Diet 7 Up next month....
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