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. The Gatorade owner sounded a more upbeat tone in its comments this quarter,

PepsiCo shares are rising in early trading Thursday after the beverage and snack food giant affirmed its outlook and posted better-than-estimated quarterly results.

PepsiCo reported better-than-expected earnings and revenue in the second quarter despite sluggish North American sales