USA: The Pepsi Bottling Group Raises Earnings Estimates

By just-drinks.com editorial team | 16 May 2000

The Pepsi Bottling Group, Inc. (NYSE: PBG - news) today announced an increase in its projected earnings for the remainder of 2000 and also took its extended forecast for 2001-2003 upward. Continued pricing gains and more effective cost management support these changes in the projections. Highlights include the following: For the year 2000:-- Earnings Before Interest Taxes Depreciation and Amortization(EBITDA) growth of 15%, revised upward from an original projection of 10-12% growth-- A projected increase of $35 million in operating free cash flow, to $185 millionFor 2001-2003:-- An estimated 10-12% range of growth for EBITDA, up from an estimated 8-10%, with an annual gain in return on invested capital (ROIC) of at least 50 basis pointsSpeaking at the Goldman Sachs Global Beverage, Food and Tobacco Conference today in New York City, Craig Weatherup, Chairman and Chief Executive Officer for PBG, announced the new forecast numbers.

just-drinks articles are only available to registered users and members.

Join now for increased access

There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.

If you’re already a member, login here.

The Pepsi Bottling Group, Inc. (NYSE: PBG - news) today announced an increase in its projected earnings for the remainder of 2000 and also took its extended forecast for 2001-2003 upward. Continued pricing gains and more effective cost management support these changes in the projections. Highlights include the following: For the year 2000:-- Earnings Before Interest Taxes Depreciation and Amortization(EBITDA) growth of 15%, revised upward from an original projection of 10-12% growth-- A projected increase of $35 million in operating free cash flow, to $185 millionFor 2001-2003:-- An estimated 10-12% range of growth for EBITDA, up from an estimated 8-10%, with an annual gain in return on invested capital (ROIC) of at least 50 basis pointsSpeaking at the Goldman Sachs Global Beverage, Food and Tobacco Conference today in New York City, Craig Weatherup, Chairman and Chief Executive Officer for PBG, announced the new forecast numbers.

  • Unlimited access to all the latest global beverage news and insight
  • Expert analysis that puts the news into context
  • Exclusive interviews with leading industry figures
  • Monthly management briefings with detailed analysis on hot topics
  • Personalised RSS feeds and email newsletters
  • 10-year archive of news, insight and intelligence
  • Discounts on just-drinks market research
  • Plus much more

If you’re already a member, login here

Not what you were looking for?

Search just-drinks:

More articles related to this one

US: PBG in link-up with Hershey
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 Hershey and the Dutch Wonderland Family Amusement Park.

US: New auditor for PBG announced
The Pepsi Bottling Group has appointed a new independent auditor.

US: Pepsi president fingered for the blame
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 Sunday.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page