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Pepsi makes better than expected profit

Pepsi's second-quarter profit topped estimates, as the company sold more higher-margin healthier foods such as baked chips and raised prices on its drinks in North America.
     
Revenue from the company's North American Frito-Lay business, under which it sells snacks such as Lay's chips, rose three per cent in the quarter ended June 17.
     
Sales volumes rose one per cent and net pricing climbed three per cent.
     
Demand for snacks was boosted by the launch of premium products such as Lay's Poppables - chips that have relatively less sugar content.


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