In Q2 2024, PepsiCo, Inc. (NASDAQ:PEP) reported net revenues of $22.5 billion, an uptick of 0.8% YoY and 1.5% YTD. Frito-Lay North America saw a slight decline due to inflationary pressures, while Quaker Foods dropped 18% due to product recalls. However, PepsiCo Beverages North America gained 1%, driven by zero-sugar variants and new flavor extensions of Pepsi and Mountain Dew.