PepsiCo net, sales up

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PepsiCo reported first-quarter net income of $394 million, up 23% over a year ago, on sales of $6.6 billion, up 6%. The company reported a 14% increase in U.S. snack-food sales. Worldwide volume for the bottler system, measured in bottler case sales, grew 4%. Worldwide restaurant sales advanced 6%.

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