The Pepsi Bottling Group Raises Second Quarter and Full-Year 2009 Earnings Guidance

The company now expects to deliver comparable diluted earnings per share of $0.70 to $0.74 in the second quarter. For the full-year, PBG now expects comparable diluted EPS in the range of $2.30 to $2.40, up 10 cents from the company’s previous forecast.

Among the key drivers of the company’s revised outlook are: improved carbonated soft drink performance in the United States; decreased volatility in foreign currencies; and continued commodity cost deflation.