Frito-Lay Helps PepsiCo Crunch Wall St. Expectations

April 23, 2015 11:33 AM

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PepsiCo's profit in the first quarter topped Wall Street expectations, boosted by the popularity of its Frito-Lay snacks and lower costs.

The global food-and-beverage maker said its snacks unit saw volume climb 3 percent in North America. Its beverage unit for the Americas, which includes Mountain Dew and Gatorade, saw volume decline 1 percent.

Also read: U.S. state, local tax revenue up 5.8 percent in first quarter: Census

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