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PepsiCo profits jump in June quarter; net income rises 12% to $3 bn

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PepsiCo reported higher-than-expected earnings in the second quarter even as customer demand for its snacks and drinks continued to slip.
PepsiCo said its revenue grew less than 1% to $22.5 billion | Photo: Bloomberg
PepsiCo reported higher-than-expected earnings in the second quarter even as customer demand for its snacks and drinks continued to slip.
The Purchase, New York-based company said its net income rose 12% to $3 billion, or an adjusted $2.

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