PepsiCo released its quarterly report, revealing a decline in North American demand for its drinks and snacks. The company adjusted its full-year revenue outlook, expecting 4% organic growth compared to its initial forecast. Despite this, Pepsi reaffirmed its guidance for core earnings growth. The stock fell more than 2% in premarket trading following the news. In the second quarter, Pepsi reported earnings of $2.28 per share, beating analysts' expectations, while revenue slightly missed estimates at $22.5 billion. Sales rose 1%, driven by international growth, but the company struggled in North America due to product recalls and decreased demand. However, there are positive signs of improvement in the North American beverage unit. Executives noted that consumers are becoming more value-conscious, potentially impacting sales. Overall, Pepsi remains optimistic about the outlook for the remainder of the year.