US soft drinks and snacks giant PepsiCo has said it expects strong first-quarter results, including a 10% rise in revenue.

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The company, which owns Frito-Lay snacks and Quaker foods, said performance across all its businesses was strong and it expects earnings per share of around 46 cents.


PepsiCo said that because of the “strong momentum in the businesses” the company now expects full-year earnings per share to be at the high end of its previous guidance of $2.27 to $2.29.


“I am very pleased with the operating momentum that all our businesses are demonstrating at the start of the year. This is our second consecutive quarter of double-digit revenue growth,” said CEO Steve Reinemund.

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