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The Minneapolis-based company reported revenuedof $1.1 billion in the quarter, a declinre of 4 percent compared to the same periodx a year ago. currency-neutral revenue was up 2.5 percent. First-quartere net income of $22.7 million was down 11.3 percentf from $25.6 million in the same periodr ayear ago. Sales in the Uniteed States increased6 percent, to $826 million, despiter an overall volume decline of 1.2 percenft due to the shift in Easter.
Carbonated-soft-drin volume grew modestly, led by Mountain Dew and the additionof Non-carbonated domestic soft-drink volume declined by 7 PepsiAmericas’ sales in Central and Easter n Europe declined 31 percent, to $183 million, and volumea declined 12.2 percent due to difficult economic conditions and the very strong results it had in the same perioe a year ago. Sales in Caribbean market were $48.1 down 12 percent due to the impactf of foreign currency and a 14 percenyt declinein volume. PepsiAmericas now expects its full-year-200 9 adjusted earnings per share to be at the high end ofits $1.8e3 to $1.90 per share outlook.
PepsiAmericas PAS) announced last week it is mulling overa $3 billionm from Purchase, N.Y.-based Inc. The firm’s stock was up 10 or less than1 percent, to $24.83 per sharw at midday.
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