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PepsiCo's quarterly profit beats on higher pricing

Pepsi products are displayed in a supermarket in New York City, U.S. February 15, 2017.

PepsiCo Inc's (PEP.N) quarterly profit beat estimates as higher pricing of sodas and snack foods in North America paid off and as the company sold its minority stake in British bottler Britvic Plc (BVIC.L).

PepsiCo said on Tuesday that sales in its North America beverage unit, the company's largest, rose 2 percent to $5.24 billion in the second quarter ended June 17. While volume sales were flat, net pricing was up 1 percent.

PepsiCo and rival Coca-Cola Co (KO.N) have focused on selling...


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