PepsiCo reported a better-than-expected profit for the second quarter lifted by higher demand for healthier drinks and snacks. Bobbi Rebell reports.
PepsiCo switched up the menu and consumers ate it up. Thanks to sales of a new wave of healthy snacks and drinks, Pepsi's results were better than expected in the last quarter. Hot sellers included trendy names like Smartfood Popcorn, Propel flavored water, and Naked Cold Pressed juice. Classics, like Frito Lay, also sold well, and some of their costs went down. The icing on the cake - Pepsi boosted their outlook for the year, and shares hit an all-time high. Reuters' Melissa Fares says Pepsi is getting the message: (SOUNDBITE) MELISSA FARES, CORRESPONDENT, REUTERS, (ENGLISH) SAYING: "Although Pepsi is a very large company, they are talking to consumers, and they are seeking out their advice., and they're listening to them, and they're really kind of adjusting their portfolio this increasingly health-conscious consumer base." Analysts say the global company is fairly insulated from the impact of Britain leaving the European Union, because ingredients used in British products like potatoes are grown locally. Their products are also affordable for consumers in developed countries.