PepsiCo (PEP) posted mixed second quarter results. The food company reported adjusted earnings per share of $2.28, topping Street estimates. However, revenue of $22.50 billion fell short of the expected $22.59 billion.

The company noted in prepared remarks that "consumers have become more value-conscious with their spending patterns and preferences."

Morning Brief anchors Seana Smith and Brad Smith discuss PepsiCo's results in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.