PepsiCo is planning to highlight what will no longer be in its potato or tortilla chips - artificial colors or flavors - when it re-launches its Lay's and Tostitos brands later this year, executives said on Thursday.

The food giant said its Frito-Lay snack division planned to make a line of Cheetos and Doritos with no artificial colors or flavors, as demand falters.

PepsiCo faces weak volume trends, high debt, and growth challenges despite an earnings beat. Read why I see better opportunities elsewhere than in PEP stock.

PepsiCo reported better-than-expected quarterly results on Thursday, driven by steady demand for its sodas and snacks in the U.S. and other major markets, including Europe. PepsiCo, like its rival Coca-Cola,

Ramon Laguarta, PepsiCo CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent earnings, what potential health regulation means for PepsiCo's offerings, and much more.

PepsiCo said on Thursday that it was expecting a smaller drop in annual core profit, helped by a rebound in demand for its energy drinks and healthier soda brands in the United States as well as benefits from favorable foreign exchange rates.

Another round of showers and thunderstorms moved across the Mid-Atlantic Tuesday after intense rain set off dangerous flash flooding from Virginia to New York on Monday, leaving at least two dead and prompting dozens of rescues as water overwhelmed roads and subways.