PepsiCo's profit dips 5% amid turnaround push
VideosPepsiCo to tighten its financial belt amid flat profits Pepsi to introduce new lower calorie cola One Direction for Pepsi
GalleriesFortune's Most Powerful Women
Web linksHudson Valley's largest employers
PepsiCo Inc.'s net income dipped 5 percent in the third quarter as the snack food and beverage maker poured more money into bolstering its flagship brands and developing new products that position it for the future.
Still, profit for the company, which makes Frito-Lay chips, Tropicana juice and Quaker Oats, was above Wall Street expectations and Pepsi stood by its guidance for the year.