PepsiCo reported 7th consecutive quarter of double digit revenue growth. Volume wasn't quite as strong down for beverages, down for the Quaker Oats part and up just 1% for Frito-Lay. Is this just a case of the price increases or driving the results now? Yes, yes. The shrinkflation is here. They talk about the total pounds being down, not down by much. People haven't changed their consumption habits very much but they're down rather than up.
Another positive sign for the travel industry as Delta raises guidance.
(00:21) Bill Barker and Deidre Woollard discuss: - The surge in international travel and where Delta’s next revenue bump could come from. - What factors could slow the travel boom. - The curious allure of the many flavors of Doritos.
(15:11) The latest memo from Howard Marks takes a look at past cycles. Deidre Woollard and Ricky Mulvey explore the memo and the danger of focusing too much on the big macro.
Companies discussed: DAL, PEP
Host: Deidre Woollard Guests: Bill Barker, Ricky Mulvey Producer: Ricky Mulvey Engineers: Dan Boyd, Tim Sparks
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