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Frito-Lay unit sales power PepsiCo's profit, revenue beat


(Reuters) - PepsiCo Inc topped quarterly profit and revenue estimates on Tuesday as the company's strategy to offer more healthier beverages and focus on its snacks business paid off.Sales at Frito-Lays snacks division continued to grow, rising for the second straight quarter, while its soda business in the second quarter posted its smallest sales drop in a year. This comes months after Chief Executive Officer Indra Nooyi's decided to go "toe-to-toe" with bigger rival Coca-Cola by spending more on marketing its trademark colas.Pepsi's beverages unit that makes carbonated soft drinks has been ...

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First Published: Tue, July 10 2018. 17:12 IST