PepsiCo profit grows worldwide in Q1

(MENAFN) Net profit of PepsiCo was higher than expected in the first three months of the current year on slashed costs and more snacks sales worldwide, according to Arab News. The company, which makes Frito-Lay, Gatorade, Mountain Dew and Tropicana, said global snack volume boosted by 2 percent during the quarter. Coca-Cola also reported flat volume in the North America market earlier this week. Both companies have been offsetting ongoing drops in their flagship soda businesses by relying more heavily on other beverages.