Pricier products boost profits at PepsiCo

Purchase, N.Y. • PepsiCo is using pricier products to help drive up sales. The snack and beverage maker said Thursday that revenue rose for each of its Frito-Lay North America and PepsiCo Americas Beverages units during the second quarter, despite flat volume. That doesn’t necessarily mean the company simply raised prices on bags of Lay’s chips and cans of Diet Pepsi. During a call to discuss its quarterly earnings, PepsiCo CEO Indra Nooyi noted the company is using “creative revenue management ...

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