PepsiCo reported better-than-expected third-quarter earnings, helped by stronger international sales.

The company lowered its full-year profit forecast as its North American business continues to struggle with weak demand and rising costs.

PepsiCo now expects adjusted earnings per share to grow between 2.5% and 3.5%, down from its previous forecast of 5% to 7%.

The company is working to cut costs, improve its products and attract consumers who have become more price-conscious, CNBC has reported.

Investors are watching closely to see whether PepsiCo can turn around its North American business and deliver stronger growth in the months ahead.