PepsiCo Plans to Improve Its North America Business
In fiscal 1Q18, PepsiCo’s (PEP) snack food business continued to outperform its North America Beverages segment. The Frito-Lay North America segment’s reported and organic revenue grew 3.4% and 3%, respectively, in fiscal 1Q18. A higher volume, increased pricing, and innovation drove the Frito-Lay segment’s top-line growth.