PepsiCo's Q2 Profits Rise Despite Declining U.S. Demand

Higher prices and inflation drive value-conscious consumers to cheaper alternatives, impacting revenue growth.

PepsiCo's net income increased by 12% to $3 billion, surpassing earnings expectations.
Revenue grew by less than 1% to $22.5 billion, missing analysts' forecasts.
Sales volumes for major brands like Frito-Lay and Quaker Foods dropped significantly.
The company lowered its full-year organic revenue growth outlook to approximately 4%.
PepsiCo plans to introduce new flavors and promotions to regain consumer interest.