PepsiCo lowered its sales forecast for the year after consumers in the U.S., China and elsewhere pulled back on its snacks and drinks.

PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks.

Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.

PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.

PepsiCo will sell Tropicana and other juices to a private equity firm in a $3.3 billion deal.