Brew Markets Can Pepsi’s CEO Turn It Around? & Delta Flies High
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Oct 9, 2025 Pressure mounts on Pepsi's CEO as activist investors demand growth, with declining volumes raising questions about their strategy. Meanwhile, Delta's strong earnings signal a rebound in business travel, showcasing increased loyalty and premium services. Ann also demystifies dividend recapitalizations, likening them to financial refinancing, highlighting their appeal in a low-rate environment. Lastly, Ferrari's stock suffers due to weak guidance, while Costco thrives with rising sales and membership.
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Pepsi Faces Activist Clock
- PepsiCo's growth problems are broad, spanning Frito-Lay volume loss and drink share erosion to Coca-Cola.
- Activist Elliott's $4B stake pressures faster change because it won't wait for a five-year turnaround.
Sprint On The Basics Now
- Do accelerate execution on basics: pricing, service levels, and customer plans to restore growth.
- Do prioritize portfolio shifts and cost cuts now or risk leadership change under activist pressure.
Delta Shows Business Travel Is Returning
- Delta's quarter showed revenue growth led by premium, corporate, and loyalty segments.
- Strong guidance and EPS beats signaled renewed business-travel demand and lifted the stock.