PepsiCo recently reported its second quarter revenue, which was stronger than expected. Despite this, the company noted weaker demand in North America.

The food and beverage giant's net revenue rose to $24.2 billion, exceeding Wall Street's expectations. However, the company's shares fell in morning trading.

Further details on PepsiCo's quarterly performance are available from the company, including comments from its CEO on the current state of consumer spending and the impact of gas prices on demand.