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        <title><![CDATA[PepsiCo sees surge in snacks as soft drink sales fizzle]]></title>
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            <media:title type="html">PepsiCo sees surge in snacks as soft drink sales fizzle</media:title>
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        <content:encoded><![CDATA[<p>PepsiCo provided an upbeat start to the second-quarter earnings season on Monday.</p><p>While revenue at the food and drink giant&#8217;s North American beverage division dropped 6.6 percent, to $4.97 billion, thanks in part to restaurant shutdowns, the company saw a positive 6.6 percent surge in its snack division as <strong>consumers sheltering in place</strong> devoured more of its salty Fritos and Cheetos snacks.</p><p>In late-afternoon trading, the stock price climbed 1.3 percent higher, to $136.22.</p>]]></content:encoded>
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