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US: Pepsi Bottling reaffirms 2004 forecast

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Pepsi Bottling Group has reaffirmed its profit forecast for 2004. In a filing with the Securities and Exchange Commission yesterday, the company said that it expected earnings this year to be between $1.62 and $1.70 per share on volume growth in the low single digits.

According to Reuters Research, analysts were expecting the company to earn between $1.63 and $1.75 per share.

Last week, the bottler's board of directors announced that it will pay a quarterly dividend of $0.01 per share on PBG's common stock. The dividend is payable on 31 March this year to shareholders of record on 12 March.


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