PepsiCo Profit Rises As Snacks Sales Rise

Love at first sight may be all right,but it might be wise to take a second look. By: Sasha.

PepsiCo Inc (PEP.N) on Thursday reported a higher quarterly profit, lifted by sales gains in its snacks business.

The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, said net income was $1.22 billion, or 79 cents per share, in the first quarter, up from $1.08 billion, or 69 cents per share a year earlier.