The market is looking past a couple of key details about last quarter and the remainder of the year.There's no skirting the fact that beverage and snack producer PepsiCo (PEP 1.48%) missed the mark last quarter. Although earnings rolled in better than expected, sales fell short of estimates.Revenue guidance for the remainder of the year was lackluster as well. Shares initially fell in response to Thursday morning's release of the news.But there's a reason PepsiCo stock was bouncing back later that very day: ...