PepsiCo’s Snacks Business Starts to Rebound After Price Cuts

PepsiCo Inc. said it’s starting to see salty snack sales grow after the company cut prices earlier this year.

The maker of Doritos and Lay’s said its strategy of slashing prices by up to 15% in some brands and reducing internal costs through layoffs and plant closures was starting to pay off. After years of declines, organic revenue in its North American foods division increased 1% and volume grew 2%, the company said in its first quarter earnings Thursday.