PepsiCo Thrives On Frito-Lay Snacks

PepsiCo, the world’s second largest soft drinks maker, announced Wednesday a $1.1 billion, or 65 cents per share, profit for its 2007 first quarter, up from $947 million, or 56 cents per share, 16 percent higher than last year’s same period, mainly due to its Frito-Lay snacks division.

The Frito-Lay snacks helped offset the slow sales in North America. Pepsi's diverse range of products, which includes Gatorade sports drinks, SoBe energy drinks, Lay's potato chips, Quaker Oatmeal and Rice-A-Roni side dishes, has helped the company pull through the slowdown trend in soft drinks sales, due to increasing awareness in health issues.

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- Posted: 2007-04-25 09:47:44

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