The Pepsi Bottling Group: Difference between revisions

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	On September 30, 2008 The Pepsi Bottling Group Inc. said that '''third-quarter earnings fell to $231 million''', or $1.06 a share, compared to $260 million, or $1.12 a share, in the same period a year ago. The year-ago period included a 14-cent-a-share gain due to a tax benefit and restructuring charges. Revenue rose 2% to $3.8 billion. Eric Foss, chief executive officer, said that soft consumer demand in the US had spread during the third quarter "across geographies" leading to sales volume declines in Europe and Mexico. In Europe, total volume of cases sold fell 6 per cent. He cited economic factors ranging from economic volatility and the impact of food inflation in Russia, to the effects of the housing slump in Spain. In Mexico, where case volumes were down 9 per cent, he noted that cash remittances from the US had fallen to their lowest level in over a decade, leading to declines in consumer confidence.		On September 30, 2008 The Pepsi Bottling Group Inc. said that '''third-quarter earnings fell to $231 million''', or $1.06 a share, compared to $260 million, or $1.12 a share, in the same period a year ago. The year-ago period included a 14-cent-a-share gain due to a tax benefit and restructuring charges. Revenue rose 2% to $3.8 billion. Eric Foss, chief executive officer, said that soft consumer demand in the US had spread during the third quarter "across geographies" leading to sales volume declines in Europe and Mexico. In Europe, total volume of cases sold fell 6 per cent. He cited economic factors ranging from economic volatility and the impact of food inflation in Russia, to the effects of the housing slump in Spain. In Mexico, where case volumes were down 9 per cent, he noted that cash remittances from the US had fallen to their lowest level in over a decade, leading to declines in consumer confidence.

	On October 6, 2008 Eric Foss was promoted to Chairman of the Board.		On October 6, 2008 Eric Foss was promoted to Chairman of the Board. Mr. Foss credits his fast rise at Pepsi Bottling Group to his innovative spirit, shown by his discovery of Mountain Dew Code Red in 1993.

	On October 14, 2008 PepsiCo Inc. is cutting jobs and closing factories to give it some "breathing room" to navigate the volatility that has permeated all corners of the global economy. The maker of Pepsi-Cola, Doritos and Sun Chips said it plans to eliminate 3,300 jobs and shutter six plants in an effort to save $1.2 billion over three years. It plans to use the savings primarily to revive lagging U.S. soft drink sales.		On October 14, 2008 PepsiCo Inc. is cutting jobs and closing factories to give it some "breathing room" to navigate the volatility that has permeated all corners of the global economy. The maker of Pepsi-Cola, Doritos and Sun Chips said it plans to eliminate 3,300 jobs and shutter six plants in an effort to save $1.2 billion over three years. It plans to use the savings primarily to revive lagging U.S. soft drink sales.

Revision as of 23:02, 30 March 2016

The Pepsi Bottling Group, Inc.

Company type	Public
Industry	Beverages
Founded	March 1999
Founder	PepsiCo
Headquarters	Somers, New York, U.S.
Number of locations	648
Area served	USA, Canada, Greece, Mexico, Russia, Spain, Turkey
Key people	Eric J. Foss, President and CEO (Began work and completed Mountain Dew Code Red, 1993)
Products	Pepsi Mountain Dew Sierra Mist Mug Root Beer Slice Sobe Aquafina Tropicana Dole Frappuccino (for Starbucks)
Services	Bottling
Revenue	US$13.2 Billion (FY 2009)
Operating income	US$1.05 Billion (FY 2009)
Net income	US$612 Million (FY 2009)
Total assets	US$13.6 Billion (FY 2009)
Total equity	US$2.42 Billion (FY 2009)
Number of employees	69,100
Parent	PepsiCo 41.7% share
Subsidiaries	Bottling Group, LLC
Website	pbg.com

The Pepsi Bottling Group, Inc. was the world's largest bottler of Pepsi-Cola beverages. PBG sales of Pepsi-Cola beverages accounted for more than one-half of the Pepsi-Cola beverages sold in the United States and Canada and about 40 percent worldwide. PBG had the exclusive right to manufacture, sell and distribute Pepsi-Cola beverages in all or a portion of 43 states, the District of Columbia, nine Canadian provinces, Spain, Greece, Russia, Turkey and Mexico. Approximately 70 percent of PBG's volume was sold in the United States and Canada. Pepsi Bottling Group was based in Somers, New York.

On August 4, 2009, The Pepsi Bottling Group and another major Pepsi bottler, PepsiAmericas, were purchased by PepsiCo, headquartered in Purchase, New York. The purchases were completed on February 26, 2010, forming a wholly owned PepsiCo subsidiary, the Pepsi Beverages Company (PBC).

Management

Eric J. Foss, Chairman and Chief Executive Officer ( 2008 Forbes Ranked #265 for executive pay: $1,730,000 )
President, PBG North America
Richard Glover, President, PBG Canada
Yiannis Petrides, President, PBG Europe
Brent J. Franks,d, Senior Vice President, Worldwide Operations
Eric Llopis, Senior Vice President, Chief Strategy Officer
Ronald R.R. Neugold, Vice President, Foodservice
Tom Lardieri, Vice President and Controller
Mary Winn Settino, Vice President, Investor and Public Relations

External links

Website

References

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