Pepsi Bottling ( PBG) said first-quarter profit rose more than expected, helped by a jump in total revenue. The company also reiterated its second-quarter and full-year 2004 earnings outlooks, which are in line with consensus estimates. But the shares, which touched a 52-week high Monday, closed down 29 cents, or 1%, at $30.03. The Somers, N.Y.-based bottler earned $50 million, or 19 cents a share, compared with $39 million, or 12 cents a share, in the year-earlier period. Analysts had been calling for 17 cents a share in the current-year quarter. Total sales in the quarter increased 10.3% to $2.07 billion, from $1.87 billion a year ago. Pepsi Bottling said sales were boosted by a 5% increase in physical case volume on a constant territory basis. In the U.S., volume grew 6% and the company's European territories had a 15% volume increase. Reported net revenue per case in the U.S. was up more than 2% for the quarter. Worldwide reported net revenue per case rose 5%, including a 2-percentage point foreign currency benefit. "The increased focus by Pepsi Bottling and PepsiCo on trademark Pepsi enabled our cola volume to grow for the first time in several quarters," the company said in a statement. "The pricing environment in the U.S. remained favorable as the increases we took during the fourth quarter of last year held in the marketplace." The company expects second-quarter EPS of 49 cents to 51 cents and operating income is seen up in the midsingle digits. Analysts are expecting 51 cents a share. Pepsi Bottling said it expects worldwide volume in the second quarter to grow 2% to 3% and net revenue per case to be up 2%. In addition, the company affirmed that it expects EPS of $1.62 to $1.70 in fiscal 2004. Analysts are calling for $1.70 a share. Pepsi Bottling also expects worldwide constant territory volume for the full year to be up 2% to 3%. Worldwide net revenue per case is seen increasing 2% and reported operating income is expected to be up in the midsingle digits.