A consumer thread

Despite the phrasing of the article, they haven't cut the price of Doritos nearly enough, but the results are in with regards to the Lays price drop. Not screwing over your customers as much can lead to better customer response. Who knew?


PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts' expectations as its struggling North American food business reported a return to volume growth.

Shares of the company rose slightly in premarket trading.

Here's what Pepsi reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:..

...For the first time in more than two years, Pepsi's North American food business reported an increase in volume. The division, a combination of its North American Frito-Lay and Quaker Oats units, has faced pushback from consumers for hefty price rises when inflation spiked in 2022.

In February, Pepsi cut prices on Lay's, Tostitos, Doritos and Cheetos by as much as 15% to try to win back shoppers, and many retailers rewarded the company by giving them more shelf space. The efforts are paying off already...

PepsiCo earnings beat estimates as Doritos, Lay's price cuts win back shoppers
 
Apple
said on Monday that John Ternus is succeeding Tim Cook as CEO, with Cook assuming the role of executive chairman on Sept. 1.

Ternus, a senior vice president of hardware engineering, will join Apple's board of directors when he becomes chief. Apple's non-executive chairman Arthur Levinson will become the iPhone maker's lead independent director at that time.

"Cook will continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition," Apple said in a press release...

Apple taps John Ternus as CEO to replace Tim Cook, who will become chairman
 
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There's a new brand of weed where I shop. Nice to see it's locally grown and veteran owned. I'll be buying an ounce of Acapulco Gold today. I meant to get there yesterday, but got tied up. The ounce was $50 yesterday because of the 4/20 date. Today ounces are back to $70. Still a really good price.
 
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