Bottles of PepsiCo Inc. brand Pepsi soda for sale at a grocery store in Bagdad, Kentucky, U.S., on Friday, April 9, 2021.
Luke Sharrett | Bloomberg | Getty Images
PepsiCo on Tuesday reported that its quarterly revenue rose more than 20% compared with the prior year 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.
Shares of the company rose as much as 2% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.72 adjusted vs. $1.53 expected
- Revenue: $19.22 billion vs. $17.96…