July 20/New York/Associated Press Financial Wire -- PepsiCo Inc.'s second-quarter net income fell 3% on charges related to the company's buyout of its two biggest bottlers, but the same deal pushed up revenue 40% and showed signs of paying off for its U.S. drinks business.
The long-slumping Gatorade business improved for the first time in years as the company rolled out new versions of the sports drink and courted athletes. The highly profitable convenience store and gas station business also improved, though PepsiCo did not want to speculate about sales the rest of the year.