PLANO, TX - While PepsiCo Inc's second quarter net income dropped three percent, sales at convenience stores showed signs of rebound in the quarter, the Associated Press reports.

PepsiCo Indra Nooyi addressed her company's expectations for the convenience store industry during a conference call with investors earlier in the week.

"Let's not forget that we are still in a difficult economic situation," Nooyi cautioned. "?? [A] lot of the (convenience) store traffic was driven by ?? people who were willing to pay the upcharge when they go to a (convenience) store. They were willing to pay for convenience."

Nooyi also addressed the changing nature of U.S. convenience stores.

"What has happened in (convenience) stores is that the value proposition in (convenience) stores has improved," Nooyi said. "(Convenience) stores themselves have changed their pricing equation and people like PepsiCo have provided very compelling ... programs to bring traffic back into (convenience) stores.

"So in a way, I think we are one of the people driving traffic into the (convenience) stores."

Nooyi revealed that her company will continue to help make convenience stores a "compelling" destination for consumers.