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Higher prices, healthier snacks drive PepsiCo profit beat

Reuters 

By Sruthi RamakrishnanREUTERS - PepsiCo Inc's second-quarter profit topped estimates, as the company sold more higher-margin healthier foods such as baked chips and raised prices on its drinks in North America.Revenue from the company's North American Frito-Lay business, under which it sells snacks such as Lay's chips, rose 3 percent in the quarter ended June 17. Sales volumes rose 1 percent and net pricing climbed 3 percent.Demand for snacks was boosted by the launch of premium products such as Lay's Poppables - chips that have relatively less sugar content. Poppables cost more as well: a ...

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First Published: Tue, July 11 2017. 22:41 IST
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