PepsiCo Profit Rises On Productivity, Price Increases

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PepsiCo Inc (PEP.N) reported higher quarterly earnings on Wednesday, as price increases and productivity improvements helped margins.

The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, which is under pressure by activist investor Nelson Peltz, said net income was $2.01 billion, or $1.28 per share, in the second quarter, up from $1.49 billion, or 94 cents per share a year earlier.

Excluding items, earnings were $1.31 per share.