PepsiCo, which like rival Coca-Cola is trying to find the right balance of healthier drinks and its classic sodas, staunched some of the sales declines in the latter category and got a boost in the first quarter from strong snack sales.
Revenue for beverages in North America fell 1 per cent, after falling 3 per cent in the same period last year, the company said today.
"We continued investing in and growing share in a number of faster-growing, future-facing categories," said CEO Indra Nooyi.
"However, competitively we recognise the need to step up investments in core carbonated soft drinks, which we intend to responsibly do."
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