April 23 (Reuters) - PepsiCo ( PEP ) beat Wall Street

expectations for first-quarter revenue on Tuesday as demand held

steady for the soda and snacks giant's Tropicana juices and

Cheetos in its international markets.

Consumers have remained resilient and shelled out money for

PepsiCo's ( PEP ) Lays chips and 7UP products across the company's

international markets, helping offset a slowdown witnessed in

its major market United States.

Several rounds of price hikes in the U.S. have led consumers

in the region to push back on the company's sodas and juices as

sticky inflation makes customers cautious with their spending.

The company's international business accounted for about 40%

of its total fiscal 2023 revenue.

PepsiCo's ( PEP ) average prices jumped 5% for the quarter ended

March 23, while organic volume slipped 2%. That compared with an

average price increase of 9% in the fourth quarter of 2023.

The company's net revenue rose to $18.25 billion in the

quarter from $17.85 billion a year earlier, while analysts had

estimated $18.07 billion, according to LSEG data.