PepsiCo boosts profits by shrinking size of its snacks

PURCHASE, N.Y. — PepsiCo reported better-than-expected profit and revenue in its most recent quarter thanks in part to U.S. price hikes.
Pepsi raised prices last fall to cover higher transportation and aluminum costs. In a company conference call, some analysts expressed concern about the trend, saying they would like to see more balance between pricing and volume growth.
But CEO Ramon Laguarta — who took over last fall following the departure of longtime CEO Indra Nooyi — said