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

Pepsi reported second-quarter net income attributable to the company of $1.26 billion, or 92 cents per share, down from $3.08 billion, or $2.23 per share, a year earlier. Excluding restructuring and impairment charges and other items, the company earned $2.12 per share. Net sales rose 1% to $22.73 billion.

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.