Gatorade Sales Help Boost PepsiCo’s Profit
From Bloomberg News
PepsiCo Inc., the world’s second-largest soft-drink maker, said first-quarter earnings rose 15% as new Gatorade flavors and advertising for Lays snacks fueled the biggest sales increase in two years.
Net income rose to $804 million, or 46 cents a share, from $698 million, or 40 cents, a year earlier, Purchase, N.Y.-based PepsiCo said. Revenue rose 11% to $6.13 billion.
Shares of PepsiCo fell 10 cents to $54.81 on the NYSE.
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