PepsiCo Inc (NASDAQ:PEP) reported first-quarter FY24 sales growth of 2.3% year-on-year to $18.25 billion, beating the analyst consensus estimate of $18.079 billion. Net revenue from Frito-Lay North America increased 2% Y/Y, Quaker Foods North America plunged 24%, and PepsiCo Beverages North America climbed 1%. Latin America sales jumped 16% Y/Y, and Europe sales rose 3%. Gross profit increased 1.5% Y/Y to $10 billion, and the margin contracted 43 basis points Y/Y to 54.8%. Operating margin expanded by 16 basis points to 14.9%, and operating income for the quarter increased 3.3% to $2.7 billion. The company held ...