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Indra K. Nooyi
Frito-Lay helps PepsiCo crunch Wall St. expectations

PepsiCo's profit in the first quarter topped Wall Street expectations, boosted by the popularity of its Frito-Lay snacks and lower costs. The global food-and-beverage maker said its snacks unit that includes Lay's and Doritos saw volume climb 3 percent in North America, while pricing pushed up core revenue 4 percent. In a conference call, CEO Indra Nooyi cited examples of new products recently churned out by Frito-Lay in the U.S. including Cheetos Sweetos, a sweet version of its crunchy snacks, and Rold Gold Dippers, which pair pretzel sticks with sweet dips. Its beverage unit for the Americas, which includes Mountain Dew and Gatorade, saw volume decline 1 percent as sodas...

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