PepsiCo's Profit Rises on Higher Prices, But Falling Volumes Hurt Sales

Key TakeawaysHigher prices lifted PepsiCo's earnings, but lower volumes and currency issues dragged down its revenue.The soft drink and snack food maker said disadvantageous foreign exchange rates lowered revenue by 1.5%.PepsiCo raised its annual dividend to $5.42 per share from $5.06.PepsiCo (PEP) reported better-than-expected profit as it benefited from higher prices, but revenue fell for the first time in almost four years because of lower volumes and disadvantageous currency exchange rates. Shares fell ...