PLANO (WBAP 24/7 News) - Frito-Lay was the 2012 profit leader for parent company PepsiCo, the global snack and beverage company.
Frito-Lay's operating profit grew 3.5 percent to $1.11 billion in the quarter that ended Dec. 29 and gained 1 percent for the year, to $3.65 billion.
The yearly tally put it ahead of the company's American beverage unit and operations abroad.
For the fourth quarter, Frito-Lay posted revenue of $4.1 billon. That represented about 21 percent of PepsiCo's $19.95 billion quarterly tally, which was down 1 percent from the previous year.
Some of the Frito-Lay revenue came from Taco Bell, its former corporate cousin. Taco Bell, which was part of PepsiCo until 1997, is planning an expansion of its Doritos Locos taco line, which sold 325 million tacos since its launch last March.
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