PepsiAmericas loses volume at home, grows worldwide

PepsiAmericas, Inc. reported 14 percent growth in revenue in
the first quarter of 2008, though the company attributed most of that growth to
acquisitions and non-U.S. sales.

Acquisitions contributed 8 percent to growth and
international sales buoyed world numbers,while  sales volume in the U.S. dropped 1 percent. U.S.
CSDs dropped 1 percent, the company reported, which is an improvement from the
previous year. Aquafina volumes dropped 11 percent while sales of the rest of
the company’s non-carbonated beverages grew by 8 percent.

The company’s net sales in the U.S. grew by 2 percent, the
company said, due to the 3.1 percent price increase implemented to cover the
rising cost of materials. The company saw its biggest categorical losses in
single serve volumes, which dropped 4 percent. Chairman and CEO Robert. C.
Pohlad attributed that drop to reduced traffic at convenience stores due to
soaring gas prices, and remained confident that the U.S. would fuel growth
within the company.

“The U.S. is our largest profit center, and the one that
will enable future investment.” Pohlad said.