PepsiCo Inc's quarterly revenue and profit beat Wall Street estimates on Tu...
) quarterly revenue and profit beat Wall Street estimates on Tuesday, boosted by higher sales of its traditional Pepsi soda as well as snacks Lay’s and Dorito chips.
“Core Pepsi is what is driving the improved performance in soda,” Chief Financial Officer Hugh Johnston told Reuters. Rival Coca-Cola Co also saw a rise in overall sales in its last quarter, boosted by strong demand for its orange-vanilla cola, its first such launch since 2007 when it introduced vanilla Coke.
“I think this is going to be a long-term consumer trend. Consumers are looking for smaller portion packs,” Laguarta said in a conference call with analysts.
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