The largest bottler of PepsiCo Inc
Excluding $1.58 per share in restructuring and asset impairment charges, the bottler earned 30 cents per share. Analysts on average were expecting 25 cents, according to Reuters Estimates.
Net revenue fell to $3.81 billion from $4.04 billion.
Total volume fell 7 percent in the quarter as the global economic slowdown depressed consumer spending. Volume fell 7 percent in North America and 6 percent in Europe.
Pepsi Bottling forecast 2009 earnings of $2.15 to $2.25 per share, excluding restructuring charges but including a hit of 18 cents per share from currency exchange rates. It expects revenue to grow at a low single-digit percentage rate, excluding currency fluctuations.
Analysts on average were expecting 2009 earnings of $2.27 per share on revenue of $13.87 billion, according to Reuters Estimates.
(Reporting by Martinne Geller; Editing by Lisa Von Ahn)