PepsiCo Inc.'s net income dipped 5 percent in the third quarter, as the food and beverage maker continued to pour more money into bolstering its flagship brands, however company profit came in above Wall Street expectations.
October 18, 2012 at 12:00 AM
1 minute read
PepsiCo Inc.’s net income dipped 5 percent in the third quarter, as the food and beverage maker continued to pour more money into bolstering its flagship brands.
The company, which makes Frito-Lay snacks, Tropicana juice and Quaker Oats, stood by its guidance for the year, however, and profit came in above Wall Street expectations.
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