Pepsi Bottling, on the other hand, would have taken a 12-cent charge, but only 10% earnings loss.
Pepsi Bottling Group expects 2009 to be a challenging year, but its forecast had more fizz than investors had expected.
Pepsi Bottling Group was fairly flat in the third quarter despite its efforts to shake things up in the down economy.
Both DelMonte Foods (-9% ) and Pepsi Bottling Group (-24% ) faltered.
On Tuesday, Pepsi Bottling Group, the largest bottler for PepsiCo, reported better than expected fourth quarter results on higher prices, despite the fact that volumes fell.
Pepsi Bottling Group, the largest bottler for PepsiCo, announced Tuesday it is cutting costs as part of a multiyear restructuring program to improve efficiencies in its global operations.
Pepsi Bottling struggled during its third-quarter, which ended Sept. 3, as American consumers cut spending on discretionary items like bottled water as the cost of fuel and food rose.
As a native New Yorker, I grew up seeing the iconic Long Island City Pepsi-Cola sign whenever I looked out over the East River at the Hunters Point Pepsi Bottling Plant.
FORBES: The Power of Partnerships, From Bottling to Emerging Tech
Pepsi Bottling Group struggled against the weak economic conditions in the United States as consumers cut spending on discretionary items, including bottled water, as the cost of fuel and other food pressed on their wallets.
Both Coke and Pepsi own about 38% of their respective bottlers-- Coca-Cola Enterprises (nyse: CCE - news - people ) and the Pepsi Bottling Group (nyse: PBG - news - people ).
"The combination of good execution at the point of sale, superior net revenue and margin management, and cost and productivity initiatives has enabled us to effectively manage through a challenging set of global business conditions, " said Chief Executive EricFossEric Foss of Pepsi Bottling.
"The combination of good execution at the point of sale, superior net revenue and margin management, and cost and productivity initiatives has enabled us to effectively manage through a challenging set of global business conditions, " said Chief Executive Eric Foss of Pepsi Bottling.
FORBES: Bottler has neither good nor bad news for the quarter.
About 750 jobs are 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 will impact 200 jobs, while in Mexico, the closure of three plants, 30 distribution centers and 700 routes will impact 2, 200 jobs, the company said.
After advising Venezuela's Cisneros family on switching their Pepsi-bottling assets to Coca-Cola in 1996 and then selling them to Panamerican Beverages, a large Latin American Coke bottler, McCausland asked Oswaldo Cisneros to fly to Lima, Peru.
After advising the Cisneros family on switching their Pepsi-bottling assets to Coca-Cola in 1996 and then selling them to Panamerican Beverages, a large Latin American Coke bottler, McCausland asked Oswaldo Cisneros to fly to Lima, Peru, to meet with the owner of local soft drink Inca Kola, which Coca-Cola wanted to acquire.
It is unclear what happened to the other nine employees who were seized from a Pepsi-Cola bottling and distribution plant in Zafaraniya, a suburb southeast of Baghdad.
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