The soft drink and snack company Pepsico reports a result slightly above the analysts' expectations, writes CNBC. Sales increased by a total of 1 percent in the quarter despite a declining sales in North America for the best-seller Pepsi. The organic sales increased by 2.1 percent.
Revenue landed at 22.73 billion dollars against expected 22.27.
Pepsico is primarily known for its drink Pepsi but also owns snack brands such as Cheetos, Doritos and Lay's. The stock rises 2 percent in American trading.
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