PepsiCo Inc. results for the second quarter were better than expected, which signals about slow recovery of company’s soda business, Reuters reports.

Sales of company dropped by 0,9%, and this is the smallest decline in four quarters.

PepsiCo management is trying to popularize its trademark amid intense competition with Coca-Cola as well as tendency of transferring to more healthy drinks by consumers. Company notes higher demand for sugar free Pepsi and diet drinks.

PepsiCo net revenue rose by 2,4% to $16,09 billion, where soda business contributed $5,19 billion.

Sales of Frito-Lay North America, the largest division, grew two quarters in a row due to introduction of new products to the market, including ones with new tastes, more healthy production methods and attractive package.

Revenue per share was $1,61, which is higher than $1,52 estimated by analytics.

PepsiCo’s shares grew up 3,7% to $111,78 yesterday.