PepsiCo reports better quarterly revenue than expected

PepsiCo Inc. recorded a revenue that was higher than analysts had originally estimated in the US, as its full-year forecast on sales of snacks and soft drinks helped to paper over weak results internationally.

The New York company revealed in a statement on Thursday that earnings rose to $1.35 a share, whereas the analyst estimates were in the region of $1.29.

Results in other regions have suffered recently due to the relative strength of the dollar, despite CEO Indra Nooyi's focus on emerging countries.

Sales, however, were consistent with analysts' projections, dropping 3% to $15.4bn.

PepsiCo have made attempts to reform their products in light of a growing distaste for sugary drinks and snacks in the US, removing the much-talked about sweetener aspartame from their diet Pepsi drink.

They have also come to an agreement with BarFresh Food Group to introduce healthy vending machines in the country.

New drinks such as Propel and Naked Cold Pressed juice have also helped to drive their sales, according to the company.

PepsiCo brought together its US management structure in March of this year, uniting its domestic beverage and snack units under one leader, Al Carey. Merging the units’ leadership showcases the drinks brand's dedication to remaining one company after activist investor Nelson Peltz previously called for the two divisions to be separated.