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PepsiAmericas Reaffirms Full-Year 2008 Adjusted EPS at the Lehman Brothers Back-To-School Consumer Conference
MINNEAPOLIS-(Business Wire)-September 3, 2008 - At the Lehman Brothers Back-To-School Consumer Conference in Boston, Robert C. Pohlad, PepsiAmericas’ Chairman and Chief Executive Officer, will express confidence in the Company’s outlook and reaffirm its full-year 2008 adjusted diluted earnings per share (EPS) guidance. The Company expects full-year adjusted EPS from continuing operations to be in the range of $1.92 to $1.96. Reported EPS includes an estimated $0.01 benefit related to the 53rd week offset by a $0.01 reduction related to previously announced specials charges.
The presentation will be held Thursday, September 4, 2008 at 9:45 a.m. (EDT). A live webcast will be accessible through the PepsiAmericas website at www.pepsiamericas.com.
About PepsiAmericas
PepsiAmericas (NYSE:Â PAS) is the world's second-largest manufacturer, seller and distributor of PepsiCo beverages with operations in 19 U.S. states; Central and Eastern Europe, including Ukraine, Poland, Romania, Hungary, the Czech Republic and Slovakia; and the Caribbean. For more information on PepsiAmericas, please visit www.pepsiamericas.com.
Cautionary Statement
This release contains forward-looking statements of expected future developments. These forward-looking statements reflect management's expectations and are based on currently available data; however, actual results are subject to risks and uncertainties, which could materially affect actual performance. Risks and uncertainties that could affect our future performance include, but are not limited to, the following: competition, including product and pricing pressures; changing trends in consumer tastes; changes in our relationship and/or support programs between brand owners and anchor bottlers; market acceptance of new product and package offerings; weather conditions; cost and availability of raw materials; changing legislation; outcomes of environmental claims and litigation; availability and cost of capital including changes in our debt ratings; labor and employee benefit costs; unfavorable interest rate and currency fluctuations; costs of legal proceedings; and general economic, business and political conditions in the countries and territories where we operate. Any forward-looking statements should be read in conjunction with information about risks and uncertainties set forth in the Securities and Exchange Commission reports filed by PepsiAmericas including our 2007 Annual Report on Form 10-K.
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