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 NEW YORK (AP) - Snack and beverage giant PepsiCo Inc. reported a 13 percent jump in fourth-quarter profit Wednesday, as strong sales of snacks like Doritos and Ruffles and noncarbonated drinks such as Gatorade offset high fuel costs and continued sluggishness in the North American soda business.
Quarterly profit totaled $1.11 billion, or 65 cents per share, up from $985 million, or 58 cents per share, a year earlier. Revenue jumped 15 percent to $10.1 billion from $8.8 billion, helped by one extra selling week compared with last year.
PepsiCo's earnings matched analysts' forecast of 65 cents per share, according to Thomson Financial, while revenue topped the estimate of $9.57 billion.
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