Latin America Snack Sales Helping PepsiCo

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News Americas, NEW YORK, NY, Fri. Oct. 14, 2011: PepsiCo’s snacks in Latin America is booming business for the company, leading to a 4.1 percent rise in third-quarter profit for the food and beverage giant.

Volume in the Latin America foods business climbed 3.5 percent, driven by the division’s largest markets, Mexico and Brazil while third-quarter sales rose 13 percent to $17.6 billion, according to a company statement. Global snacks volume grew 8 percent while beverage volume advanced 4 percent.

Net income advanced to $2 billion, or $1.25 a share, from $1.92 billion, or $1.19, a year earlier.

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