Pepsi Bottling Group

Pepsi Bottling Group (PBG 28.66) announced this morning sales results that were largely in-line with the consensus $3.55 billion revenue estimate.  PBG brought in $3.52 billion in second quarter revenue, up roughly 5% year-over-year.

Net income totaled $174 million, up from $162 million earned the year before.

PBG extended its streak of positive earnings per share surprises, generating $0.78 per share in the most recent quarter.  That topped the $0.75 per share that analysts were forecasting, and reflected a year-over-year increase of nearly 12%.

Pepsi Bottling expects full-year sales growth between 5% and 6%, which equates to an approximate range of $14.3 billion to $14.4 billion.  Additionally, the company expects earnings to range from $2.30 to $2.38 per share.  Analysts currently peg sales estimates at $14.4 billion and earnings at $2.35 per share.