Baltimore hits triple digits, tying record high; severe storms possible
Topics

Indra K. Nooyi

PepsiCo touts items seen as 'craft' as profit tops forecasts

PepsiCo Inc., the packaged food giant that makes Mountain Dew soda and Frito-Lay chips, posted a quarterly profit Thursday that topped Wall Street expectations and touted new products that it said respond to growing interest in "craft" and "premium" options.

In a conference call with analysts, CEO Indra Nooyi noted the introduction of 1893, a craft cola named for the year Pepsi was invented, as well as Mountain Dew Black Label, which is marketed as being made with "real sugar" and "herbal bitters."

Nooyi said the company's decision to bring back Diet Pepsi made with aspartame in the U.S. less than a year after changing the sweetener...

93°