Pepsico (PEP.US) announced Q2 performance for the period ending on June 15. Quarterly net profit rose 12% YoY to $3.083 billion, with diluted net profit per share of $2.23 for the quarter, adjusted to $2.28 which is higher than the market expected of $2.16. Quarterly sales increased by less than 1% YoY to $22.501 billion, while the market was expected to be $22.57 billion.

During the quarter, the company raised product prices by an average of 5%, the same as in Q1, while the internal volume of sales decreased by 3% YoY. Frito-Lay North America's snack business sales fell 4% YoY, and the North American beverage division's revenue also fell 3.5%.

The company expects organic revenue growth to be about 4% in the current fiscal year, compared to the previously forecasted least 4% growth.