The group also announced that it intended to take a charge of between $6m and $7m in the fourth quarter in respect of severance costs and accelerated depreciation of assets related to the revamping of its distribution system in Central Europe.
US: PepsiAmericas cuts forecast
The soft drinks bottler, PepsiAmericas Inc., has reduced its volume growth and earnings forecasts for the fourth quarter and the full fiscal year. The company, which is the second largest bottler of Pepsi brands, attributed the reduced forecast to soft domestic CSD volumes.