With 5 servings of fruit*, All Fruit
Smoothies offer essential vitamins , minerals, and antioxidants needed for a
long, healthy, energized life.com

ABOUT PRODUCE FOR BETTER HEALTH

Produce for Better Health Foundation is a nonprofit organization whose
mission is to lead the way to achieving increased daily consumption of
fruits and vegetables.5 billion. As such, they are subject to
numerous risks and uncertainties.

magalies perricone

com and
www. Departments of Health and Human
Services (HHS) and Agriculture (USDA), the daily amount of fruits and
vegetables recommended for optimal health has gone up for every age and
gender and promotes 5 to 13 servings per day. To learn
more, visit www.
Non-carbonated beverage volume growth was fueled by double-digit growth in
Gatorade, Aquafina and Propel fitness water. This guidance is an increase of
$0.pepsico. and Subsidiaries
Condensed Consolidated Statement of Income
(in millions except per share amounts)

12 Weeks Ended
3/19/05 3/20/04
(unaudited)

Net Revenue $6,585 $6,131

Cost and Expenses
Cost of sales 3,018 2,811
Selling, general and administrative
expenses 2,291 2,161
Amortization of intangible assets 29 32

Operating Profit 1,247 1,127

Bottling Equity Income 65 39
Interest Expense (50) (35)
Interest Income 23 10

Income before Income Taxes 1,285 1,141

Provision for Income Taxes 373 337

Net Income $ 912 $ 804

Diluted
Net Income Per Common Share $0.

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The call will be open to all interested investors through a live
audio Web broadcast via the Internet at www.
(Click here for details)
*Based on an Original 24oz., RD, President and CEO of PBH.
All Fruit Smoothies combine many of these health benefits in one delicious
drink.

Founded in 1990 in California, today Jamba
Juice has more than 530 company and franchised stores in 26 states
nationwide with 7,500 employees.53, fueled by Division
operating profit growth of more than 10%. The strength of the portfolio continues to prove
itself, with each operating Division performing well, giving me confidence in
our outlook for the full year.5 4/9* 6 3/4*
Revenue 6 4 12 10 7
Division Operating Profit 6 8 20 18 10

*Snacks/beverages

FRITO-LAY NORTH AMERICA (FLNA) GENERATED 6% REVENUE GROWTH BEHIND STRONG
CORE BRAND PERFORMANCE. Tropicana chilled juice volume
declined 2% in the quarter, reflecting the impact of increased pricing.56,
excluding the impact of the 53rd week (see note under "Miscellaneous
Disclosures", below).

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The foundation is a member and chair of the
National 5 A Day Partnership, consisting of government agencies, nonprofit
organizations, and industry working in collaboration to increase
consumption of fruits and vegetables for improved public health. The Division lapped one of its stronger volume growth quarters of 2004,
when volumes were up 5%.

QUAKER FOODS NORTH AMERICA (QFNA) HAD EXCEPTIONAL TOP LINE AND BOTTOM LINE
RESULTS IN THE QUARTER.
The Company expects earnings per share for 2005 of at least $2.04-$0.
The Company is evaluating whether to repatriate undistributed
international earnings in 2005 under the provisions of the American Jobs
Creation Act. At 11 a. A reconciliation of any such non-GAAP
measures to reported financial statements can be found under "Press Releases "
on the Company's website at http://www. The Company provides guidance
that excludes the estimated impact of the 53rd week since it is more
indicative of our ongoing performance.46
Average Shares Outstanding 1,713 1,736

PepsiCo , Inc.

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For those who are not able to listen to the
live broadcast, the call will be archived for approximately one year
on both Web sites.
Chairman and CEO Steve Reinemund said, "I am pleased with our performance
for the first quarter.
Beverage growth of 9% was driven by strong performance across the Middle
East and double-digit growth in total for the major emerging markets, offset
somewhat by a modest volume decline in Mexico.01 per share from the Company's previous guidance, reflecting a favorable
adjustment to the Company's expected full-year tax rate. For purposes of comparability , the Company
provides guidance that excludes the 53rd week.

juices smoothies

m. Hansen can be found on
the Web at www.com

People who consume
a diet rich in fruits and vegetables help reduce their risk for heart
disease, stroke, type 2 diabetes, high blood pressure, and some cancers. Operating margins were
hampered by increased fuel and energy costs in the quarter, which impacted the
costs of freight , plant operations and route truck fuel.

Volume grew 1. Foreign currency translation contributed 2 points of net
revenue growth. Operating
profit growth was driven by the strong sales growth , and the growth of higher
margin products. (Eastern Time) today, the Company will host a
conference call with investors to discuss first quarter 2005 results and the
outlook for the full year 2005 .23
Growth Versus Prior Year 9%

Options Outstanding 178 195
Options in the Money 166 167
Dilutive Options 31 25
Dilutive Options as % of Options
in the Money 19% 15%

Average Exercise Price of
Options in the Money $40.

magalies wheatberry

PURCHASE, N.

PEPSICO INTERNATIONAL (PI) PROFITS INCREASED 20% AS EMERGING MARKETS
CONTINUE STRONG GROWTH.

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PRESS RELEASE New Jamba Juice All Fruit Smoothies (TM) - Get a Daily Dose of Delicious

"Increasing fruit and vegetable intake is the most important step Americans
can take to make healthy food choices and achieve better health," says
Elizabeth Pivonka, Ph.D. The Division's
four largest brands -- Lay's, Doritos, Tostitos and Cheetos -- had combined
revenue growth of almost 6%, roughly in line with total salty snack revenue
growth.
Operating profit growth reflected the revenue gains and the favorable
resolution of prior year estimated marketing accruals, partly offset by higher
energy and raw material costs. The Company believes that the maximum amount that can be
repatriated under the Act is $7. In discussing financial results and guidance , the Company
may refer to certain non-GAAP measures.

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"We want them to feel better
about themselves and confident in the choices they've made for their
bodies. The dissolution of the Company's snack joint venture in South Korea and an
acquisition in Romania had no net impact on the reported snack volume growth
rate. For details, visit the Company's site on the
Internet at http://www.

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All Fruit Smoothies deliver just that in rich fruit flavors
customers have come to expect from Jamba Juice.
Average Enlightened Smoothie = 80 calories, 14 g of sugar, 17 g
carbohydrates; Average Regular Smoothie = 150 calories, 29 g of sugar, 33 g
carbohydrates per 8-fl oz. The
partnership oversees the national 5 A Day for Better Health Program, the
nation's largest public-private nutrition education initiative. The marketing accrual adjustment contributed
four points to PBNA's operating profit growth and one point to total PepsiCo
Division operating profit growth in the quarter. Growth was offset somewhat by volume declines at Walker's in the
UK. During the quarter, PepsiCo acquired the
remaining 40. PepsiCo's fiscal year ends on the last Saturday in
December.46 $49.31 $37.

purees carbonation

(NASDAQ:HANS) today said results for its first quarter ended March 31,
2005 will be released on Tuesday, May 10, 2005.

PepsiCo Reports 15% First Quarter Earnings per Share Growth Driven by Double-Digit Division Operating Profit Performance

5% VOLUME GROWTH, LAPPING
5% GROWTH IN 2004 . Operating profit grew 20%, driven by revenue growth and 1
point of foreign exchange benefit. The Company expects
the impact of the 53rd week on earnings per share to be $0.

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Consumers have spoken and asked for a selection
of delicious, healthful, dairy-free, guilt-free smoothies in their purest
form. With the revision of the 2005 Dietary
Guidelines for Americans by the U.S. Dr.5aday.pepsico .com in the "Investors" section.
53rd Week in 2005.53 $0.

carbonation soursop

Hansen Natural Corporation markets and distributes Hansen's(R)
Natural Sodas, Signature Sodas, fruit juice and soy Smoothies , Energy
drinks, Energade(R) energy sports drinks, E20 Energy Water(R),
functional drinks, Sparkling Lemonades and Orangeades, multi-vitamin
juice drinks in aseptic packaging, Junior Juice(R) juice , iced teas,
lemonades and juice cocktails, apple juice, cider and juice blends, as
well as nutrition bars, Blue Sky(R) brand carbonated beverages,
Monster Energy(TM) brand energy drinks, Lost(R) Energy (TM) brand
energy drinks and Rumba(TM) brand energy juice.Y.

PEPSICO BEVERAGES NORTH AMERICA (PBNA) POSTED 1. Favorable Easter holiday timing contributed about 50
basis points to volume growth . Trademark Mountain Dew volume was roughly flat to prior year.
Earnings per share growth was bolstered by a $28 million pre-tax gain
recognized on the sale of shares in The Pepsi Bottling Group , a 1% reduction
in the number of weighted average shares outstanding, and a 50 basis point
reduction in the Company's effective tax rate.

vitta pasteurized

hansens.fulldisclosure.
With an All Fruit Smoothie, you are well on your way to 5 A Day The Color
Way. For the nearest location or a complete
listing of the All -Fruit Smoothie menu and additional information, please
call: 1.

Its portfolio includes 16 brands that each generates $1 billion
or more in annual retail sales.

wheatgrass wheatberry

On March 30, 2006, Jamba Juice, the
category-defining leader in healthy blended beverages, juices, and
good-for-you snacks , celebrates the goodness of fruit with the arrival of
its newest menu category, All Fruit Smoothies ."

**Jamba's average Enlightened Smoothies have 46% fewer calories, 51% fewer
sugars, and 49 % fewer carbohydrates than the average Jamba smoothie.
FLNA's revenue growth was balanced across its portfolio.5% interest in Snack Ventures Europe from General Mills. The Company's earnings guidance
does not include the impact on earnings that would result in the event the
Company repatriates cash during the year.

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Through the goodness of fruit, All Fruit Smoothies have even more
far -reaching benefits. From smaller portions (16oz), to lower sugar, calorie, and
carbohydrate Enlightened Smoothies**, to Energy products with natural
sources of caffeine such as the Matcha Green Tea Blast and Aai
Supercharger, to new All Fruit Smoothies, Jamba Juice consistently
reflects customer needs with its positive energy and life-nourishing
products.
Solid net revenue growth reflected increased pricing and favorable product
mix, offset somewhat by a decline in concentrate shipments , which lagged
bottler case sales growth. Operating profit grew 8%, lapping 20% in 2004. Including the impact of the 53rd week, the Company
expects earnings per share of at least $2. Any such forward -looking statements are inherently
speculative and are based on currently available information, operating plans
and projections about future events and trends.
Bottler Volume. As a result, most fiscal years contain 52 weeks, and a 53rd week is
added every five or six years.

wheatgrass fru

hansens.

The All Fruit Smoothie category will include four refreshing smoothie
flavors:

-- Strawberry Whirl
-- Mega Mango
-- Grape Escape
-- Raspberry Rainbow

All Fruit Smoothies provide nutritious , sustainable energy and are an
excellent source of vitamin C. Most Americans need to more
than double their current intake. "We are committed to the well-being of our customers and to
giving them healthier alternatives in their day to day lives," says
Director of Product Marketing, Rosa Compean.
Within carbonated soft drinks, low single-digit volume growth in trademark
Sierra Mist was more than offset by a low single-digit decline in trademark
Pepsi.

PI Regional Volume Growth First Quarter 2005 Results

% Growth Rate
Snacks Beverages
Latin America 5 1
Europe, Middle East and Africa 3* 11
Asia Pacific 1** 17
Total PI 4 9

*Growth ex acquisition: 1%
**Growth ex JV divestiture: 20%

Net revenue grew 12%, driven by the broad-based volume gains and favorable
pricing and mix.05.

About PepsiCo
PepsiCo is one of the world's largest food and beverage companies with
annual revenues of $29 billion.com . and Subsidiaries
Condensed Consolidated Statement of Cash Flows
(in millions)

12 Weeks Ended
3/19/05 3/20/04
(unaudited)
Operating Activities
Net income $ 912 $804
Adjustments
Depreciation and amortization 282 275
Stock-based compensation expense 77 91
Cash payments for merger-related costs and
other restructuring charges (14) (26)
Bottling equity income, net of dividends (51) (36)
Deferred income taxes (7) (34)
Other, net 185 164
Net change in operating working capital (635) (526)
Net Cash Provided by Operating Activities 749 712

Investing Activities
Snack Ventures Europe (SVE) minority
interest acquisition (750) -
Capital spending (181) (182)
Sales of property, plant and equipment 25 7
Other acquisitions and investments in
noncontrolled affiliates (41) (11)
Cash proceeds from sale of PBG stock 47 -
Short-term investments, net (528) 52
Net Cash Used for Investing Activities (1,428) (134)

Financing Activities
Proceeds from issuances of long-term debt 13 -
Payments of long-term debt (3) (80)
Short-term borrowings, net 733 (116)
Cash dividends paid (387) (274)
Share repurchases - common (494) (574)
Share repurchases - preferred (6) (10)
Proceeds from exercises of stock options 233 431
Net Cash Provided by (Used for ) Financing
Activities 89 (623)

Effect of Exchange Rate Changes on Cash and
Cash Equivalents (9) (2)
Net Decrease in Cash and Cash Equivalents (599) (47)

Cash and Cash Equivalents - Beginning of year 1,280 820
Cash and Cash Equivalents - End of period $ 681 $773

PepsiCo, Inc.

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com.

ABOUT JAMBA JUICE

Jamba Juice is the category-defining leader in healthy blended beverages,
juices, and good-for-you snacks.866.org.60. Please see the Company 's filings
with the Securities and Exchange Commission, including the Annual Report on
Form 10 -K, for a discussion of specific risks that may affect performance.67

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Hansen Natural to Report First Quarter Results May 10 2005

The company also said
that chairman and chief executive officer Rodney Sacks and vice
chairman and president Hilton Schlosberg will host an investor
conference call that same day at 10:30 a.
Double-digit volume growth of Quaker oatmeal and Cap'n Crunch cereal and
the impact of favorable mix drove 10% revenue growth in the quarter.

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They also meet the nutrition criteria for
healthy foods from Produce for Better Health Foundation (PBH), whose 5 A
Day The Color Way program encourages Americans to eat a colorful variety of
fruits and vegetables daily . All Fruit Smoothies are one more way for us to do this.
Operating profit grew in line with revenue growth.5% in the quarter, with the Division's non-carbonated
beverage portfolio increasing 8% and carbonated soft drinks (CSDs) declining
1%.

PepsiCo, Inc. and Subsidiaries
Condensed Consolidated Balance Sheet
(in millions)


3/19/05 12/25/04
Assets (unaudited)
Current Assets
Cash and cash equivalents $ 681 $ 1,280
Short-term investments 2,692 2,165
3,373 3,445

Accounts and notes receivable, net 3,217 2,999
Inventories
Raw materials 660 665
Work-in-process 159 156
Finished goods 819 720
1,638 1,541

Prepaid expenses and other current
assets 648 654
Total Current Assets 8,876 8,639

Property, plant and equipment, net 8,093 8,149
Amortizable intangible assets, net 600 598

Goodwill 3,924 3,909
Other nonamortizable intangible assets 931 933
4,855 4,842

Investments in noncontrolled affiliates 3,294 3,284
Other assets 2,953 2,475
Total Assets $28,671 $27,987

Liabilities and Shareholders' Equity
Current Liabilities
Short-term borrowings obligations $ 1,804 $ 1,054
Accounts payable and other current
liabilities 5,093 5,599
Income taxes payable 297 99
Total Current Liabilities 7,194 6,752

Long-term debt obligations 2,390 2,397
Other liabilities 3,962 4,099
Deferred income taxes 1,212 1,216
Total Liabilities 14,758 14,464

Preferred stock, no par value 41 41
Repurchased preferred stock (96) (90)

Common Shareholders' Equity
Common stock 30 30
Capital in excess of par value 627 618
Retained earnings 19 ,255 18,730
Accumulated other comprehensive loss (853) (886)
19,059 18,492
Less: Repurchased shares (5,091) (4,920)
Total Common Shareholders' Equity 13,968 13,572
Total Liabilities and
Shareholders ' Equity $28,671 $27,987

Supplemental Share and Option Data
(in millions of shares, except average share and exercise prices)

12 Weeks Ended
3/19/05 3/20/04

Beginning Net Shares Outstanding 1,679 1,705
Options Exercised 7 15
Shares Repurchased (9) (12)
Ending Net Shares Outstanding 1,677 1,708

Weighted Average Basic 1,678 1,707
Dilutive securities:
Options 31 25
Restricted Stock Units 2 1
ESOP Convertible Preferred
Stock/Other 2 3
Weighted Average Diluted 1,713 1,736

Average Share Price for the
period $53.

citrate pulps

Snacks volume growth of 4% was driven by single-digit growth at Gamesa and
Sabritas in Mexico, double-digit growth in Egypt and Turkey, and strong
double -digit growth in the four major emerging markets (India, China, Russia,
and Brazil). The
combined impact of acquisition activities in the quarter contributed one
percentage point to PI operating profit growth. Actual results and performance may be
significantly different from expectations. Volume for products sold by PepsiCo's bottlers is reported
by PepsiCo on a monthly basis, with the first quarter comprising January,
February and March for North America, and January and February for PepsiCo
International.

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These no-fuss fruitful
blends are comprised of all fruit and nothing but fruit -- simple, pure,
and a sure palate pleaser. Mao), renowned 38th-generation
doctor of Chinese medicine and author of "Secrets of Longevity: Hundreds of
Ways to Live to be 100," notes that "with rich supplies of nutrients,
fruits are among the most powerful sources of health promoting benefits."

Summary of PepsiCo First Quarter 2005 Results
% Growth Rate
Volume (Servings) 4
Revenue 7
Division Operating Profit 10
Net Income 13
Earnings Per Share 15


Summary of Division First Quarter 2005 Results

% Growth Rate
Total
FLNA PBNA PI QFNA PepsiCo

Volume 3 1. Revenues of the Division's other macro snack products rose in high-
single digits, reflecting strong performance from the Grandma's and Gamesa
branded cookie lines, continued strong sales of nuts and premium meat snacks,
and double-digit growth in Quaker rice snacks. Carbonated soft drinks grew at
a high single-digit rate, and non-carbonated beverage volume grew at a double-
digit rate.

PBG SHARE SALES, SHARE REPURCHASES, AND A REDUCED TAX RATE CONTRIBUTED TO
EPS GROWTH. Its principal businesses include Frito-Lay
snacks , Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and
Quaker foods.

Miscellaneous Disclosures
Conference Call.

Sites that are mainly concerned with or serve the fruit and vegetable juice industry; bottlers, suppliers to the industry and trade associations, for example.

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reference size .4R.FRUIT or visit the website at www. Diet CSDs
continued to perform well, with volume growth in the mid-single digits.

2005 EARNINGS GUIDANCE INCREASED ON FAVORABLE TAX RATE REVISION.
Reconciliation.

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----Hansen Natural Corp. Maoshing Ni (Dr.jambajuice., PepsiCo reported a 15%
increase in first-quarter earnings per share to $0.

Cautionary Statement
This release contains statements concerning PepsiCo's expectations for
future performance. and Subsidiaries
Supplemental Financial Information
(in millions)

12 Weeks Ended
3/19/05 3/20/04
(unaudited)
Net Revenue

Frito-Lay North America $2,263 $2,144

PepsiCo Beverages North America 1,784 1,718

PepsiCo International 2,121 1 ,891

Quaker Foods North America 417 378

Total Net Revenue $6,585 $6,131

Operating Profit

Frito-Lay North America $ 539 $ 510

PepsiCo Beverages North America 415 384

PepsiCo International 307 257

Quaker Foods North America 145 123

Division Operating Profit 1,406 1,274

Corporate unallocated (159) (147)

Total Operating Profit $1,247 $1,127

PepsiCo, Inc.

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Business Editors/Food/Beverage Writers

CORONA, Calif. Pacific Time to review the
company's financial results and operations. size smoothie."

Jamba Juice continues to innovate and anticipate the lifestyle needs of its
consumers.
Net revenues increased 7 %, with each of the Company's operating Divisions
posting solid top line growth.m.

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- - kjjkjk

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