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PepsiCo's quarterly profit beats on higher pricing


By Sruthi RamakrishnanREUTERS - PepsiCo Inc's second-quarter profit beat estimates as the company's strategy of increasing prices of sodas and snack foods in North America paid off.Sales in its North America beverage unit, PepsiCo's largest, rose 2 percent in the quarter ended June 17, the company said on Tuesday. While volume sales were flat, net pricing rose 1 percent.PepsiCo and rival Coca-Cola Co have focused on selling smaller, higher-margin packs in developed markets and cut back on promoting large discount packs to cope with falling demand for fizzy drinks.Revenue from PepsiCo's ...

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First Published: Tue, July 11 2017. 19:36 IST