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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.
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On
October 14, 2008, PepsiCo Inc. announced that it would be 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 planned to eliminate 3,300 jobs and
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On
November 19, 2008, The Pepsi Bottling Group announced it was cutting costs as part of a multiyear restructuring program to improve efficiencies in its global operations. Under its "Structured to Succeed" program, 3,150 employees, or 4.5% of its workers, would lose their jobs. About 750 jobs were
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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 prior. The year-prior period included a 14-cent-a-share gain due to a tax benefit and restructuring
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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
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On
February 10, 2009, The Pepsi Bottling Group Inc. reported a net loss of $ 271 million in the fourth quarter and projected 2009 earnings below analysts' expectations. This includes a net after-tax charge of $ 336 million, due to restructuring, and a non-cash asset impairment charge related
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expected to be cut in Pepsi
Bottling's U.S. and Canada operations, including the closure of four facilities in the U.S. In Europe, operation streamlining would impact 200 jobs, while in Mexico, the closure of three plants, 30 distribution centers and 700 routes would impact 2,200 jobs.
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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
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was to be distributed by The Pepsi
Bottling Group, PepsiAmericas, Pepsi Bottling Ventures and other independent Pepsi-Cola bottlers in most of the United States and all of Canada.
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shutter six plants in an effort to save $ 1.2 billion over three years. It planned to use the savings primarily to revive lagging U.S. soft drink sales.
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Eric J. Foss, chairman and chief executive officer (2008 Forbes ranked #265 for executive pay: $ 1,730,000)
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On
February 19, 2009, PepsiCo announced a multiyear distribution agreement with Rockstar Energy Drink.
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441:. The purchases were completed on February 26, 2010, forming a wholly owned PepsiCo subsidiary, the
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primarily to PBG's business in Mexico. Volume fell 7% in North
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On August 4, 2009, The Pepsi
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Pepsi Bottling Group (PBG) annual SEC income statement filing via Wikinvest
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Pepsi Bottling Group (PBG) annual SEC balance sheet filing via Wikinvest
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On October 6, 2008, Eric Foss was promoted to chairman of the board.
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Mary Winn Settino, vice president, investor and public relations
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Eric Llopis, senior vice president, chief strategy officer
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696:Food and drink companies established in 1999
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572:Tom Lardieri, vice president and controller
487:. Unsourced material may be challenged and
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507:Learn how and when to remove this message
701:1999 establishments in New York (state)
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560:Yiannis Petrides, president, PBG Europe
557:Richard Glover, president, PBG Canada
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691:Drink companies of the United States
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27:Defunct bottler of Pepsi beverages
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413:was the world's largest
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443:Pepsi Beverages Company
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481:improve this section
433:, were purchased by
96:Purchased by PepsiCo
18:Pepsi Bottling Group
437:, headquartered in
394:Bottling Group, LLC
384:PepsiCo 41.7% share
370:Number of employees
126:Number of locations
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628:2010-12-28 at the
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16:(Redirected from
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497:October 2021
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390:Subsidiaries
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107:Headquarters
98:Merged with
47:Company type
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194:Sierra Mist
136:Area served
675:Categories
580:References
546:Management
419:Pepsi-Cola
299:Net income
169:Key people
70:March 1999
649:USA Today
468:does not
235:Starbucks
214:Tropicana
61:Beverages
626:Archived
540:Rockstar
245:Bottling
242:Services
210:Aquafina
182:Products
57:Industry
489:removed
474:sources
449:History
445:(PBC).
435:PepsiCo
415:bottler
403:pbg.com
399:Website
361:FY 2009
337:FY 2009
313:FY 2009
289:FY 2009
265:FY 2009
250:Revenue
85:Defunct
79:PepsiCo
75:Founder
67:Founded
380:Parent
374:69,100
162:Turkey
154:Russia
150:Mexico
146:Greece
142:Canada
51:Public
233:(for
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202:Slice
186:Pepsi
158:Spain
140:USA,
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218:Dole
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93:Fate
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