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Empresas y finanzas

PepsiCo raises profit forecast as North America snack sales rise


    (Reuters) - PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America.

    Shares of the maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice rose 2.3 percent to $91.25 before the bell.

    The company said organic revenue grew 5 percent in its global snacks business, partly due to price hikes.

    Organic revenue rose 2 percent in beverages business.

    Snack volumes in North America grew 2.5 percent, but soda volumes fell 2 percent, as health-conscious consumers favored juices and health drinks.

    Rival Coca-Cola Co reported on Tuesday flat soda volumes in North America for the second straight quarter. [ID:nL4N0PX4IG]

    PEPSICO (PEP.NY)raised its full-year earnings per share growth forecast to 8 percent from 7 percent. This translates to about $4.71 per share, above the average analyst estimate of $4.54, according to Thomson Reuters I/B/E/S.

    PepsiCo's net income fell 2 percent to $1.98 billion, or $1.29 per share, in the 12 weeks ended June 14 from $2.01 billion, or $1.28 per share, a year earlier.

    Excluding items, the company earned $1.32 per share.

    Revenue rose 0.5 percent to $16.89 billion.

    Analysts on average had expected PepsiCo to earn $1.23 per share on revenue of $16.81 billion.

    The company's shares have risen 7.5 percent this year to Tuesday's close.

    (Reporting by Anjali Athavaley in New York and Siddharth Cavale in Bangalore; Editing by Kirti Pandey)