PepsiCo Inc.’s third-quarter net income rose 12 percent on strong sales gains in drinks and Frito-Lay snacks abroad, but shares fell after the company lowered the top end of its guidance because of investments to expand its presence overseas. Shares fell $2.01, or 3 percent, to $65.10 in heavy volume Thursday.
Frito-Lay
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June 28, 2010 at 2:56 p.m.
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Filed under: Lightly salted Fritos, Ruffles go nationwide
Frito-Lay announced Monday it will begin selling two lightly salted chips brands nationwide.
The announcement comes three months after Frito-Lay’s parent, PepsiCo Inc., pledged to reduce sodium in each serving of its key brands by one-fourth in five years. Fritos lightly salted corn chips and Ruffles lightly salted potato chips have been on sale in select markets since 2000.
Frito-Lay says the chips have at least 50 percent less sodium per one ounce serving than the original chips. On average, Americans consume 3,436 mg of sodium, 1,136 mg more than the FDA’s daily guideline.
