For the full year, Pepsi expects its earnings on a constant currency basis to rise 7 percent to $4.10 a share.
"We feel like what we've done in terms of both the geographic transformation, as well as the change in the product portfolio to broaden ourselves, has put us in a spot where we can post these types of results consistently. And that's why we're talking about 2013 guidance with mid-single digit revenue, as well," Johnston told CNBC's "Squawk Box."
He added that he is seeing gradual strengthening in consumer demand domestically.
"As far as developed markets go, Europe obviously in the west has its challenges but Eastern Europe is doing quite nicely, and in the U.S., really over the last six to eight months, I would characterize it as a very slow, gradual strengthening in the consumer — slow and gradual but nonetheless detectable in there," Johnston said.
Pepsi also announced that it would raise its dividend to $2.27 per share from $2.15 a share, effective in June.
In the company's press release, CEO Indra Nooyi said last year the company took "significant steps" in 2012 to better position the company's business for "sustainable, long-term growth."
"We increased our brand investment, stepped up our innovation, improved our marketplace execution and embarked on an aggressive productivity program that will contribute to our profitability and act as a funding source of future investment," Nooyi said.