$PEP 2Q results a tale of two cities. NA Beverage sales -7% in US while Snacks (Quaker Foods + Frito-Lay) +7% and +23% respectively. Same trends hold in international mkts, some w/double-digit snack sales growth. Bodes well for $HSY, $MDLZ. +1.8% premarket. https://t.co/LL5EJNuuw7