PepsiCo''s quarterly profit higher than expected

PepsiCo announced on Tuesday a better-than-expected quarterly profit, benefit from higher prices for soft drinks and snacks in North America and the sale of a minority share in British bottler Britvic. PepsiCo''s revenues in the beverage segment in North America, the company''s largest, climbed 2% in the second quarter, to 5.24 billion dollars in the second quarter. Already the sales volume was stable during the period, according to the company. The Frito-Lay Division in North America, revenue increased 3% in the quarter ended June 17, helped by high volume and 1% 3% prices. PepsiCo and Coca-Cola rival focused on selling smaller packages and with bigger banks in developed markets, reducing the promotion of great discounts, as they seek to minimize the impact of the fall in demand for carbonated drinks. In may, PepsiCo announced the sale of a minority slice of your 4,5% on British value Britvic bottling uninformed. Net income attributed to PepsiCo rose to 2.11 billion dollars, or 1.46 dollar per share, compared to 2.01 billion dollars, or 1.38 dollar per share, a year earlier. Without considering extraordinary items, the company earned 1.50 dollar per share. Quarterly revenue grew to 2,1%, to 15.71 billion dollars. Analysts, on average, predicted a profit of 1.40 dollar per share on revenues of 15.6 billion dollars, according to Thompson Reuters I/B/E/s.