All the PepsiCo
Pepsi Bottling Group
While raw material costs are on the rise, the company still managed to increase the gross margin from last year, and its pricing strategies helped improve gross profit per case by 6%. Pepsi Bottling also increased its efficiency in transportation costs and scheduling and, as a result, has increased its output per employee.
From the impressive results, the company has boosted its yearly outlook and now believes it can earn between $2.15 and $2.18 per share, compared to previous expectations of between $2.02 and $2.07 per share. Furthermore, the company expects a bit more of the green in terms of cash flow than it previously thought it was capable of.
All this adds up to a nice earnings picture for Pepsi Bottling Group. As we know, Pepsi's rival Coca-Cola
Bottom line -- I think Pepsi Bottling Group's management is doing a good job with the business, but give me a PepsiCo or a Coca-Cola over a bottler any day of the week.
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Fool contributor Steven Mallas owns shares of Coca-Cola. As of this writing, he was ranked 11,890 out of more than 60,000 investors in the CAPS system. Don't know what CAPS is? Check it out. The Fool has a disclosure policy.