Pepsi revenue tops as developing markets make up for weak North America
Updated : April 27, 2018 06:18 AM IST
Sales in PepsiCo's North America beverage unit, which accounts for nearly a third of total revenue and sells Lipton tea, Mountain Dew as well as Pepsi itself, fell 1%.
Chief Executive Indra Nooyi said on a post-earnings call that PepsiCo was determined to reverse three quarters of decline in beverage sales in North America and would step up spending on its marquee soda brand under a new "Pepsi Generations" campaign.
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