On April 17, PepsiCo reported first-quarter results. Here's what we learned.

The table at right shows volume and dollar sales as well as pricing for selected non-carbonated beverage categories at U.S. retail for the first nine months of 2018. The data covers supermarkets, c-stores, drug chains, mass merchandisers including Walmart, plus some dollar/club stores and the military channel. Pricing grew in all five non-carb categories tracked by BD, with ready-to-drink tea increasing most. Bottled water pricing grew only slightly. Bottled water, sports drinks and