Pepsi Bottling Group’s Q2 Revenue Marginally Up

The Pepsi Bottling Group has reported revenue of $3.5 billion for the second quarter ended June 14, 2008, a 5% increase, compared to $3.36 billion in the same quarter of 2007.

Net income was $174 million, or reported diluted earnings per share (EPS) of $0.78, up 12%, compared to net income of $162 million, or $0.70 per diluted share, that the company reported in the second quarter of 2007.

For the first six months ended June 14, 2008, revenue stood at $6.17 billion, compared to $5.83 billion in the same period of 2007. Net income was $202 million, or $0.89 per diluted EPS, compared with $191 million, or $0.82 per diluted EPS, in the corresponding period of 2007.

Eric Foss, president and CEO of Pepsi Bottling Group (PBG), said: “PBG continues to meet its financial objectives, as a combination of superior operating capabilities and strong international growth offset widespread macroeconomic softness in the US.”