PepsiCo 3Q profit climbs on snack, beverage sales

PORTLAND, Oregon (AP) — PepsiCo Inc. has found its recipe for success in this economic environment: raise prices and grow overseas.

PepsiCo, like many U.S. companies, recently have faced a balancing act during this period of global economic uncertainty. Many consumer brands from McDonald's to Nike have raised prices as they try to offset their higher costs for ingredients, packaging and fuel. At the same time, they've had to look elsewhere to expand their business as consumers in developed markets like the U.S. have cut back on spending.

PepsiCo, maker of such products as Mt. Dew soda, Gatorade drink and Lay's potato chips, showed Wednesday that the emphasis on higher prices …