Snacks, not fizzy drinks, served once again as the highlight of PepsiCo’s quarterly performance. Revenue from its Frito-Lay division increased 2 percent in North America, according to an earnings report released Wednesday, while beverage sales in the region remained flat.
Pepsi Chief Executive Indra Nooyi told analysts on a conference call that revenue from sales of Lay’s, Doritos, and Cheetos increased, in percentage terms, in the low to high single digits, driving some of the company’s growth for the quarter. She also mentioned strong results in dips, including the Sabra hummus brand, as well as crackers and Smartfood popcorn.
