PURCHASE, N.Y. — Continued momentum within the Frito-Lay North America and Latin America Foods units propelled an 8% increase in operating profit in the PepsiCo Americas Foods unit of PepsiCo, Inc. in the second quarter ended June 15. At $1,357 million, operating profit for PepsiCo Americas Foods was up from $1,260 million in the second quarter of fiscal 2012. Net revenue in the division increased 5%, rising to $6,025 million from $5,724 million.

Frito-Lay North America, the largest segment within PepsiCo Americas Foods, posted an operating profit of $906 million in the second quarter of fiscal 2013, up 8% from $835 million a year ago. Net revenue also was higher, climbing 4% to $3,332 million from $3,193 million.

Second-quarter operating profit at Quaker Foods North America fell to $133 million, down 14% from $154 million a year ago. Net revenue also fell, easing 1% to $577 million from $583 million.

Latin America Foods operating profit was $318 million in the second quarter of fiscal 2013, up 17% from $271 million a year ago. Net sales rose 9% to $2,116 million from $1,948 million.

Overall, net income at PepsiCo, Inc. in the second quarter ended June 15 totaled $2,010 million, equal to $1.28c per share on the common stock, up 35% from $1,488 million, or 94c per share, in the same period a year ago. Net revenue was $16,807 million, up 2% from $16,458 million.

For the six months ended June 15, the company saw income rise 18% to $3,085 million, or $1.97 per share, which compared with $2,615 million, or $1.65 per share, during the same period of the previous year. Revenue for the period was $29,388 million, up 2% from $28,886 million.  

Looking ahead to the remainder of 2013, PepsiCo said it continues to expect low-single-digit commodity inflation and productivity savings of approximately $900 million. The company also expects advertising and marketing expense to increase at or above the rate of net revenue growth. Below the operating profit line, the company expects higher interest expense driven by increased debt balances and a core effective tax rate of approximately 27%.

The company is targeting over $9 billion in cash flow from operating activities and more than $7 billion in management operating cash flow (excluding certain items) in 2013. Net capital spending is expected to be approximately $3 billion in 2013, which is within the company’s long-term capital spending target of less than or equal to 5% of net revenue.