PepsiCo, Inc. has reported results for the third quarter 2017, mentioning net revenue growth of 1.3%, while the net revenue growth year-to-date was of 1.7%. The Frito-Lay brand net revenue increased with 3% during Q3.

Pepsico says that Frito-Lay North America (FLNA) was positively impacted by productivity gains and prior-year incremental investments, partially offset by operating cost inflation and higher raw material costs.

Frito-Lay North America’s net revenue reached USD3.8bn in Q3, while the year-to-date revenue was of USD10.9bn.

“Overall, our businesses performed well in the third quarter in what continues to be a challenging environment,” said Chairman and CEO Indra Nooyi.

“Each of our operating sectors delivered results in line with or ahead of our expectations, with the exception of North America Beverages (NAB) where revenues declined, following two consecutive years of very strong third-quarter growth. Despite the challenges in our NAB business, the PepsiCo portfolio overall generated revenue, operating profit and earnings per share growth. Although we have moderated our full-year organic revenue growth outlook, we are now on track to exceed the full-year earnings per share target we set at the beginning of the year.”