Coca-Cola Enterprises (CCE) posted better than expected earnings of $247 million, or 50 cents per share, as compared to $214 million, or 44 cents per share, in the same quarter last year.

Coca-Cola's (KO) number one bottler said it is now looking for full-year earnings of $1.54 to $1.57 per share, as compared to its previous forecast for earnings at the high end of a range of $1.44 to $1.49 per share.

Pepsi drinkers may be disappointed to learn that PepsiCo's (PEP) second-largest bottler did not do as well in the quarter.

PepsiAmericas (PAS) said it earned $63.5 million, or 51 cents per share, for the quarter, as compared to $73.1 million, or 58 cents per share, in the same quarter last year. Excluding items, earnings totaled 59 cents per share, still missing Wall Street expectations.

PepsiAmericas cut its full-year adjusted earnings outlook as well, to a range of $1.83 to $1.87 per share, as compared to a prior forecast of $1.87 to $1.94 per share.

PepsiCo announced a $7.8 billion buyout of PepsiAmericas and the largest Pepsi bottler, Pepsi Bottling Group (PBG) in August. The deal was approved by European regulators yesterday.

The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200910CocaCola-Pepsi102809&mv=1.

http://www.marketnewsvideo.com/

"From talent acquisition efforts to engaging a wide range of customers, suppliers and community organizations, CCE continues to incorporate diversity and inclusion into our ongoing, daily business operations," said Ms. Kimmet. "I look forward to the insights Ed will bring to the established infrastructure we have in place at CCE."

Before joining CCE in 2007, Mr. Lopez served on the New Mexico Governor's cabinet as Cabinet Secretary and Superintendent of Regulation and Licensing. From 2000 to 2004, he was President of the National Hispanic Cultural Center Foundation's Board of Trustees. As President and a member of the board, Mr. Lopez led the foundation in identifying, preserving and enhancing Hispanic arts and humanities. He is also active in the community, currently serving on the board for the National Hispanic Child and Family Development Institute. Prior to these roles, he spent 15 years with the Bell Telephone System as corporate counsel and then vice president/general manager of operations in New Mexico.

"Our employees are the foundation of our business," said Mr. Lopez. "To help us deliver on our vision of being the best beverage sales and customer service company, it is imperative that we provide our employees with a work environment that continues to allow them to achieve their full potential."

Mr. Lopez received his Bachelor of Arts degree from Michigan State University in East Lansing, and his Juris Doctor from the University of New Mexico in Albuquerque.

Coca-Cola Enterprises is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. CCE sells approximately 80 percent of The Coca-Cola Company's bottle and can volume in North America and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands. For more information about our Company, please visit our website at www.cokecce.com, and for more information about Corporate Responsibility and Sustainability at our Company, please visit http://crs.cokecce.com.

SOURCE: Coca-Cola Enterprises

Coca-Cola Enterprises 
Laura Brightwell, 770-989-3023 
Media Relations 
or 
Thor Erickson, 770-989-3110 
Investor Relations

SOURCE: Coca-Cola Enterprises Inc.

Coca-Cola Enterprises Inc. 
Thor Erickson, 770-989-3110 
Investor Relations 
or 
Laura Brightwell, 770-989-3023 
Media Relations

The public can access the live webcast through the company's Web site at www.cokecce.com. A replay of the presentation will be available at this site later that day.

Coca-Cola Enterprises is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic refreshment. CCE sells approximately 80 percent of The Coca-Cola Company's bottle and can volume in North America and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands. For more information about our Company, please visit our website at www.cokecce.com.

SOURCE: Coca-Cola Enterprises

Coca-Cola Enterprises 
Thor Erickson, 770-989-3110 
Investor Relations 
or 
Laura Brightwell, 770-989-3023 
Media Relations