For the 12 weeks to March 20, pre-tax profit jumped 12.9% to $1.14bn from $1.01bn. Turnover rose 10.9% to $6.13bn.
Turnover at Frito-Lay North America, the company’s biggest division, grew to $2.14bn from $2.02bn due to new products such as Doritos Rollitos and Lay’s STAX Potato Crisps, which are packaged in a crush-resistant container.
Beverages performed strongly with an 8% volume growth.
Chairman and chief executive Steve Reinemund said: “Our innovation is delivering on expectations, and increased support behind big core brands like Pepsi and Lay’s is working.”