PepsiCo Inc. reported weaker revenue growth in the second quarter due to budget-focused shoppers and a Quaker Foods recall. The US business is struggling with inflation, leading to a 2% decrease in food product sales. PepsiCo's stock fell 3.4%, impacting its performance compared to rivals. In North America, volumes fell in both food and beverages, with a 17% drop in Quaker Foods. However, international sales were up, particularly in Latin America and Asia Pacific. To regain consumers, PepsiCo plans to focus on promotions and marketing while improving productivity. Analysts suggest cost-cutting and productivity initiatives to offset lower volumes. Other food companies are facing similar challenges and focusing on productivity. Food accounts for a significant portion of PepsiCo's revenue. The company remains confident in its full-year forecast, with core earnings per share exceeding analyst estimates.