PepsiCo Inc reported higher quarterly profit from operations, helped by strength in international snacks and beverage markets and the recent acquisition of its North American bottlers.
The company, which makes Tropicana juice, Frito-Lay snacks and Quaker Oats cereals in addition to its namesake cola, also said that current foreign exchange rates would cut about 1 percentage point from its earnings-per-share growth rate.
PepsiCo earned $1.60 billion, or 98 cents per share, in the second quarter, its first full quarter owning its largest bottlers. That compared with $1.66 billion, or $1.06 a share, a year earlier and was weighed down by higher interest expense.
Income from operations rose 12 percent.
Excluding one-time items, earnings per share were $1.09, compared with the analysts' average view of $1.08, according to Thomson Reuters I/B/E/S.
(Reporting by Brad Dorfman and Martinne Geller; Editing by Lisa Von Ahn)