PepsiCo Inc (PEP.N) reported a better-than-expected quarterly profit, helped by higher pricing of its sodas and snack foods sold in North America and the sale of its minority stake in British bottler Britvic Plc (BVIC.L).

Revenue in PepsiCo's North America beverage business, the company's biggest, rose 2 percent to $5.24 billion in the second quarter ended June 17.

While volume sales were flat, net pricing was up one percent the company said.

Revenue from its frito-lay North America business rose three percent helped by a 1% rise in volume and three percent rise in net pricing.