PepsiCo profit beats estimates on stronger Frito-Lay demand

April 23, 2015 2:25 PM

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PepsiCo profit beats estimates on stronger Frito-Lay demand

(Reuters) - PepsiCo Inc reported better-than-expected first-quarter profit, helped by stronger demand for its Frito-Lay snacks in North America and price increases in its beverage business.

Revenue in the Frito-Lay business rose 3.1 percent to $3.32 billion partly on new product launches like Cheetos Sweetos, a sweet version of the salty snack, and Rold Gold Pretzel Dippers.

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