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This excerpt taken from the PBG 8-K filed Jun 3, 2009. Mario Montoya
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Longbow Research - Analyst
Longbow Research.
Good morning, guys. Just real quickly, shifting gears a little bit, you guys
talked about improving commodity outlook. Can you provide us with your COGS
outlook for the rest of the year?
Al Drewes
-
Pepsi Bottling Group, Inc. - SVP & CFO
Our COGS guidance
for the year for per case guidance is about 6%. I think that has been fairly
consistent through the year -- during the course of the year that guidance may
have come down a little bit, but that is basically where it is. One reason it's
so high actually is because that transactional forex number that is on that bar
chart that I showed you.
So
just keep in mind that there is sort of underlying raw materials in COGS but
there is also a big piece that is transactional forex in that number. And
that presumably will go away next year as long as the currencies are relatively
stable.
Mary Winn Settino
-
Pepsi Bottling Group, Inc. - VP, IR and Public Relations
Operator, we will
move along to the next question, please.
Operator
Judy
Hong.
FINAL
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