Chips Boost PepsiCo’s Results While Soda Struggles Continue
- Maker of Mountain Dew seeing tastes shift away from colas
- Health-conscious consumers haven’t yet given up on snacks
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Success in PepsiCo Inc.’s snack division is making up for a still-fizzling beverage unit.
The company posted sales and earnings that beat analysts’ estimates in the first quarter, buoyed by increased volumes of Frito-Lay chips as the drinks business continued to struggle.