(Reuters) - PepsiCo Inc on Thursday reported a higher quarterly profit, lifted by sales gains in its snacks business.
The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, said net income was $1.22 billion, or 79 cents per share, in the first quarter, up from $1.08 billion, or 69 cents per share a year earlier.
Revenue, excluding the impact of currency translation and changes to PEPSICO (PEP.NY)s business, rose 4 percent. Overall revenue was $12.62 billion, above the $12.43 billion Wall Street was expecting, according to Thomson Reuters I/B/E.S.
(Reporting by Phil Wahba in New York; Editing by Bernadette Baum)
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