PepsiCo lifts profit forecast again as price hikes fail to dent demand
© Reuters. FILE PHOTO: Cans of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo
Average prices jumped 11% in the third quarter ended Sept. 9, PepsiCo said, while organic volume slipped 2.5%. The company's large snacks business, which sells everything from Doritos to Cheetos, has helped counter falling demand in the beverages unit.
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