More on PepsiCo's Q1 (PEP): Says effective pricing and packaging initiatives helped offset $300M...

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

More on PepsiCo's Q1 (PEP): Says effective pricing and packaging initiatives helped offset $300M in commodity cost inflation. Frito-Lay North America revenue +4% to $3.01B. Europe revenue +13% to $1.85B. Increased media spending in the U.S. by 25%. Expects 2012 core constant currency net revenue i to grow mid-single-digits. Targets $8B in free cash flow for 2012. (PR)