PepsiCo (PEP) raised its earnings forecast on Thursday following better than expected second quarter results. The soft drinks giant beat on profit and sales while product price hikes drove revenue growth. Pepsi has been struggling to lure new customers as consumers move away from sugary drinks, opting for healthier options. The Americas beverage business was a bright spot, with revenue up 1 percent to $5.34 billion. Overall PepsiCo reported earnings of $1.32 per share, up from last year's $1.29 per share. Revenue was hit by the strong dollar, dropping to $15.92 billion but still beating estimates. The company announced that it expects an earnings increase of 8 percent this year. Stocks were up around 3 percent following the earnings news.
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