PepsiCo’s Health Kick Pays Off, With Hummus Fueling U.S. Growth
- Company’s international revenue has been hurt by strong dollar
- Frito-Lay, North America Beverages also helped by lower costs
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PepsiCo Inc.’s push into healthier fare is invigorating sales.
Products such as Sabra hummus and guacamole, Naked cold-press juices and Lipton Pure Leaf tea bolstered results last quarter, Chief Financial Officer Hugh Johnston said. That helped the company beat profit estimates last quarter and raise its forecast for the year.