PepsiCo Price Gains Help Snack Giant Weather Sluggish Demand
- Company tops earnings estimates in the first quarter
- Shift to healthier lineup also helping maintain growth
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Price increases, cost cuts and healthier snacks are helping PepsiCo Inc. maintain growth at a time when many consumers are shifting away from its traditional sodas and chips.
The food-and-beverage giant, which sells Ruffles chips and Mountain Dew, posted earnings of 94 cents a share in the first quarter, excluding some items. That topped the 92 cents estimated by analysts.