(RTTNews) - Snack and beverage giant PepsiCo Inc. (PEP) reported Tuesday weak profit in its second quarter. Chairman and CEO Ramon Laguarta said, ".... our business momentum continued despite ongoing macroeconomic and geopolitical volatility and higher levels of inflation across our markets.... Our performance also gives us confidence that our investments to become an even Faster, even Stronger, and even Better organization by winning with pep+ are working." In pre-market activity on Nasdaq, Pepsico shares were gaining around 1 percent.