Pepsi Bottling lifts view on U.S. sales, currency

Better performance in the U.S., along with more stable currency fluctuation and lower commodity costs, led Pepsi Bottling Group Inc. to raise its second-quarter and full-year profit targets, the company said Tuesday.

Before the start of trading, Pepsi Bottling tacked on a nickel a share to its estimate for the current quarter, raising it to a range of 70 cents to 74 cents. For the all of 2009, it now expects to earn $2.30 to $2.40 a share -- 10 cents higher than previous hopes.

The average per-share estimate of analysts polled by FactSet Research had been for the company to earn 70 cents for the quarter and $2.26 for the year.

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- Posted: 2009-06-02 10:55:44

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