PepsiCo sees sales rise in North America in 3Q

PepsiCo sold more of its beverages and Frito-Lay snacks in North America during the third quarter, helping it deliver a profit that beat Wall Street expectations.

The maker of Gatorade sports drinks and Mountain Dew soda said sales volume for both snacks

and drinks rose 2 percent for its flagship region, although it did not specify which of its products drove the growth. Higher pricing also helped lift revenue.

The results underscore PepsiCo’s diversified lineup of products, which include Sabra dips, Naked juices and Quaker oatmeal. That has helped the company offset an ongoing decline in soda consumption in the U.S.

For the quarter ended Sept. 3, PepsiCo said it earned $1.99 billion, or $1.37 per share. After excluding the impact of one-time costs and restructuring changes, it said it earned $1.40 per share.