- PepsiCo Inc. on Wednesday reported a net income for 2013's second quarter of $2.01 billion, up from $1.49 billion one year ago.
- The report beat predictions with PepsiCo's food business seeing a 2% volume increase in the Americas, including North American increases of 3% for Frito-Lay and 1% for Quaker Foods products.
- Unsurprisingly, the company reported a reduced sales volume of 3.5% for its beverages business in North America, although it remained flat in Europe and experienced a 9% rise across Asia, the Middle East and Africa.
PepsiCo's second quarter results look like they corroborate recent concerns expressed by Nelson Peltz, an activist investor who wants to see PepsiCo buy snack giant Mondelez and part ways with its beverage business. Beverage sales numbers internationally, however, show that PepsiCo's drinks still have a lot of life left globally.