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The
company's shares rose 3 percent to $98.49 in premarket trading
on Thursday.
PepsiCo, like other soft drink makers, has been battling falling
soda sales in the United States, with customers turning to
healthier drinks that use more natural ingredients.
However, revenue from the company's Americas beverages business,
its largest, rose 1 percent to $5.34 billion in the second
quarter, as its strategy of raising prices to offset the impact
of a strong dollar paid off.
Organic volume sales in the region also rose 1 percent, the
company said.
The company said on Wednesday that it would report results for
its North America beverages business separately from the third
quarter instead of clubbing it with Latin America beverage
sales.
Frito-Lay snacks sales in North America, PepsiCo's
second-largest business, grew 2 percent to $3.45 billion in the
second quarter. The business sells snacks such as Doritos
tortilla chips and Cheetos.
The company raised its forecast for 2015 adjusted earnings per
share growth to 8 percent on a constant currency basis, or about
$5 per share, from 7 percent.
Net income attributable to PepsiCo rose marginally to $1.98
billion, or $1.33 per share, in the second quarter ended June
13, from $1.98 billion, or $1.29 per share, a year earlier.
Excluding items, the company earned $1.32 per share.
Net revenue fell 5.7 percent to $15.92 billion as a stronger
dollar continued to weigh on overseas sales.
Analysts on an average had expected earnings of $1.24 per share
and revenue of $15.80 billion, according to Thomson Reuters
I/B/E/S.
Up to Wednesday's close, the company's shares had risen 6.6
percent in the last 12 months.
(Reporting by Sruthi Ramakrishnan in Bengaluru, Editing by Simon
Jennings)
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