PepsiCo's profit dips 5% amid turnaround push
Photo credit: Bloomberg | A shopper reaches for a bottle of Diet Peps. (Feb. 7, 2012)
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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.
PepsiCo,...
