- Net sales surged 20.5% year over year to $19.22 billion, topping expectations of $17.96 billion.
- Pepsi is seeing a return of demand for its drinks from restaurants and other food-service customers.
PepsiCo on Tuesday reported that its quarterly revenue rose more than 20% from a year earlier as restaurant demand for its drinks returned, fueling an earnings beat.
The company also raised its outlook for its full-year adjusted earnings per share growth.
“A lot of the things we did through the pandemic, continuing to invest in the business,