"We had very strong cost controls and financial discipline, and I'd say in addition to the key financial metrics, we also saw strong market share growth in our U.S. business as well as Canada and Russia, so we were able to raise our full-year guidance," Foss said.
The Somers, N.Y., company said net income in the quarter ended June 16 rose to $162 million, or 70 cents a share, from $148 million, or 61 cents a share, a year earlier.
Revenue rose 7% to $3.36 billion from $3.14 billion.
Analysts, on average, were expecting Pepsi Bottling to earn 63 cents a share on revenue of $3.28 billion, according to Thomson Financial.
Worldwide sales by volume, which excludes the impact of price changes and currency translation, rose 1% as growth in Europe helped offset a decline in Mexico and flat results in the U.S.
Volume growth was particularly strong in Russia, where it rose 22%.
According to Foss, Russia has been a "very strong growth market" for the company. He said volume growth was strong in Russia across Pepsi's portfolio, which includes Pepsi-Cola and Lipton tea.
However, Stifel Nicolaus analyst Mark Swartzberg attributed the bottler's stronger-than-expected performance to the bottler's results in the U.S. market, which accounts for 85% of its profits.