PepsiCo Profit Rises 4.1% on Snack Sales in Latin America
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PepsiCo Inc., the world’s largest snack-food maker, reported a 4.1 percent rise in third-quarter profit, helped by price increases and sales of snacks in Latin America.
Net income advanced to $2 billion, or $1.25 a share, from $1.92 billion, or $1.19, a year earlier, Purchase, New York-based PepsiCo said today in a statement. Profit excluding some items totaled $1.31 a share, beating the $1.30 average of 14 analysts’ estimates compiled by Bloomberg.