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PepsiCo Quarterly Profit Rises 13%

PepsiCo Inc. Chief Executive Officer Indra Nooyi has earned the company a reprieve for at least another quarter.

The owner of Gatorade and Lays boosted profit more than analysts estimated in the first quarter and increased revenue for snacks and beverages globally, excluding the negative impact from currency fluctuation. The results will help Purchase, New York-based PepsiCo fend off calls by activist investor Nelson Peltz to separate its dominant snacks business from the struggling North American beverages unit.