Pepsico: Profit surged 46% to $165.1 million...

Pepsico: Profit surged 46% to $165.1 million in the first quarter, reflecting stronger sales and improved margins in the company’s three major businesses: soft drinks, snack foods and restaurants. The Purchase, N.Y.-based company said sales rose 19% to $2.96 billion from a year ago. The 1988 quarter included a $14.5-million pretax charge for the reorganization of its domestic soft drink business.