PepsiCo results beat expectations amid global demand, higher prices

PURCHASE, New York: Amid rising international demand for its food and drink products, such as Cheetos and Doritos, and despite a slowdown in the U.S., PepsiCo beat Wall Street expectations for first-quarter revenue and profits on Tuesday.

Jamie Caulfield, CFO of PepsiCo, said, "We have had three years of massive consumer inflation and that has to be absorbed, and I think the cumulative impact of that put a bit