PepsiCo, Inc. (NASDAQ:PEP) shares climbed in Thursday’s premarket trading following the release of second-quarter

The company reaffirmed its full-year guidance, projecting flat core earnings at constant currency and low-single-digit organic revenue growth. PepsiCo now expects core earnings per share to decline 1.5 percent for the full year, an improvement from its prior forecast of a 3 percent drop, which is largely due to reduced currency headwinds.

PepsiCo shares rise as the company reports better-than-expected Q2 revenue, despite weak volumes and ongoing consumer caution.