PepsiCo Inc. shares are up in premarket trading after reporting second-quarter results. Adjusted earnings per share of $2.12 beat estimates, with sales of $22.726 billion surpassing expectations.

Chairman and CEO Ramon Laguarta highlighted international momentum and North America improvements. Net revenue from various segments showed mixed results, with gross profit up but operating profit down.

PepsiCo raised its full-year adjusted EPS guidance to $8.04, expecting a 1.5% foreign exchange headwind. The company aims for low-single-digit organic revenue growth in fiscal 2025. PEP shares are up 2.25% to $138.40 premarket.

Read more at Yahoo Finance.: PepsiCo Delivers The Fizz In Q2, Sweetens Outlook On Subdued Dollar Headwind