What's less good is the company's continued struggle with its core carbonated soft drinks, particularly in the developed markets. On the conference call, CEO Indra Nooyi said, "We are pushing forward with our aggressive game plan to engage consumers through innovation, marketing, and value." The goal is to make up some ground that's been lost to Coca-Cola, but PepsiCo will have to try to do this while also managing its price increases. It's a tough row to hoe, and investors will want to watch America's beverage volume in the coming quarters for signs that the marketing push is actually paying off.