PepsiCo results beat on boost from North American snacks, beverages units

PepsiCo Inc reported first-quarter sales and profit above analysts' estimat...

- PepsiCo Inc reported first-quarter sales and profit above analysts’ estimates on Wednesday, boosted by higher demand for its snacks, sparkling water and low-sugar sodas, sending its shares up about 2 percent before the bell.

PepsiCo has also bolstered its product portfolio to attract customers by acquiring companies such as Bare chips and launching Pepsi Zero Sugar, bubbly sparkling water and Pure Leaf iced teas. During the quarter, Pepsi launched new fruity flavors of bubbly sparkling water, Pure Leaf Hibiscus Herbal teas and Gatorade Zero in Glacier Freeze and Berry flavors.

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