date:Apr 18, 2014
(one-company) decision, Swartzberg said in a research note.
PepsiCo's sales of food in the Americas rose 5 percent, led by gains in Latin America. Total snacks volume grew 2 percent.
The company said net income was $1.22 billion, or 79 cents per share, in the first quarter, up from $1.08 billion, or 69 cents per share a year earlier.
Excluding items such as restructuring charges, PepsiCo earned 83 cents per share, 8 cents more than analysts expected.
The company maintained its previous forec