Consumer
PepsiCo Boosted by International Growth as US Sales Drop
- North American food and drinks units suffer decline in volume
- Quaker Oats sales plunge 24% after salmonella-scare recall
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PepsiCo Inc. posted stronger-than-expected sales growth thanks to robust demand in its international divisions, while volumes dropped in North America.
The owner of Mountain Dew sodas and Frito-Lay chips said that net revenue in the first quarter rose 2.7%, beating the average analyst estimate of 2.3%.