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Reports from PepsiCo and other food companies will help investors understand how inflation affected the economy in the first quarter. Photo: Daniel Acker/BloombergTechnology companies including Google parent Alphabet Inc. and Amazon .com Inc. as well as stalwarts from the food, pharmaceutical and energy sectors, highlight a busy earnings week amid concerns about the U.S. economy. The coming reports will provide clues to investors about how companies fared in the first quarter of 2023 as the recent banking crisis, continuing layoffs in sectors such as technology, and inflation weighed on the economy.
New York CNN —With Microsoft, Alphabet, Amazon and Meta Platforms all slated to report earnings this coming week, investors are turning their attention away from bank earnings to Big Tech. Another major theme for tech earnings is the race toward artificial intelligence. Earnings reports from Meta Platforms (META), Boeing (BA) and ServiceNow (NOW). Earnings reports from Amazon (AMZN), MasterCard (MA), T-Mobile (TMUS), Keurig Dr Pepper (KDP) and Capital One (COF). Earnings reports from Exxon Mobil (XOM), Chevron (CVX), Colgate-Palmolive (CL) and New York Community Bancorp (NYCB).
Pepsi’s New Healthy Diet: More Potato Chips and Soda
  + stars: | 2023-04-22 | by ( Jennifer Maloney | ) www.wsj.com   time to read: 1 min
For years, PepsiCo Inc. tried to move past its junk-food roots and shift its business toward hummus, yogurt, kombucha, vegetable crisps and fruit-and-nut bars. Never mind. The world’s largest snackfood company is back to pushing Pepsi, Doritos and Lay’s.
Stocks stuck to a holding pattern this week as investors brace for an incoming wave of Big Tech earnings and the Fed's favorite inflation reading. Earnings reports have generally been better than expected so far this first quarter. Humana (HUM) reports before the bell Wednesday; Meta Platforms and Pioneer Natural Resources (PXD) report after the bell Wednesday. ET: Personal Spending & Income (includes PCE Price Index) Club trades this week Just one trade: We added 150 shares of Coterra Energy (CTRA) on Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
The federal government is updating guides around how companies can prove their environmental claims. Companies are advertising what they plan to do, such as addressing the climate crisis or using more recycled materials in their products. She pointed to a case BBB National Programs' National Advertising Division brought against the American Beverage Association, which represents companies such as Coca-Cola and PepsiCo. The beverage industry appealed the finding, arguing that the ad was intended to increase awareness that plastic bottles could be recycled. The National Advertising Division's appellate body upheld the original decision.
More than one third (35%) of the S & P 500 reports earnings next week — including megacaps Microsoft, Alphabet, Meta Platforms and Amazon — versus less than 12% in the week just ended and only 2% last week. So far this quarter, S & P 500 earnings are running 4.7% below the same period a year ago, Refinitiv data shows. Back then, the S & P 500 fell 19.4% from its April high to a low on October 3. Meanwhile, next week is the last full trading week before Wall Street's old adage to "sell in May and go away" takes hold. ET: FHFA Home Price index (February); S & P Case-Shiller home price indexes (February) 10:00 a.m.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe CEO of EV truck maker Einride on the vision to disrupt the transportation industryRobert Falck, founder & CEO of electric truck maker Einride, discusses the company's new deal with PepsiCo to help decarbonize the drink & snack giant's fleet in the UK.
From Twinkies to Doritos, Snacks Get Tiny
  + stars: | 2023-04-19 | by ( Jesse Newman | ) www.wsj.com   time to read: 1 min
Big food is going small. Sometimes too small. Within the span of a few months last fall, General Mills Inc., Hostess Brands Inc. and PepsiCo Inc.’s Frito-Lay unveiled mini versions of their iconic snacks and cereals, including pee-wee Trix, Twinkies, Ding Dongs and Doritos. The diminutive treats kept coming this year, with the debut of mini wafers from Hostess’s Voortman and McCain Foods USA’s bite-size mashed-potato puffs for restaurants.
PepsiCo Foods: From Seed to Shelf to Sustainability
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPepsiCo Foods: From Seed to Shelf to SustainabilitySince taking over PepsiCo Foods, N.A. four years ago, Steven Williams has driven blistering growth at the $21 billion snack empire, which includes six brands each generating $1 billion in annual revenue – Cheetos, Doritos, Quaker, Tostitos, Lay's, and Ruffles. Overseeing nearly 70,000 employees, Williams calls himself a 'seed to shelf' CEO, with a core focus on the agricultural end of the value chain, working with farmers to sustainably move and sell its vast portfolio.
Home appliances company GE Appliances began testing an Einride vehicle without a safety driver on board on U.S. public roads in October 2022. Einride said its U.K. vehicles will be driven by human operators. Operating electric trucks to ship goods across countries at scale is a tough thing to accomplish. "So we're looking at a transport system, where the efficiency is 6%," Falk said. "So that means that you are at 94% waste of the potential of the transport system itself.
But more chip bags and snack containers being sold also means more waste from plastic and other packaging materials, something PepsiCo is aiming to take on. "Two years ago, if you think about our multipack packages, there was one plastic [packaging] outside, and each multipack serving," he said. McDonald's recently agreed under pressure from activist shareholders to produce a report on reusable packaging in exchange for having a shareholder vote on the issue rescinded. As far back as 2019, both Coke and Pepsi had already cut ties with a plastics industry association, and issued previous goals related to recyclable, compostable and reusable packaging. Taking what it learned from creating the Off The Eaten Path's packaging, Frito-Lay has introduced other packaging made from 85% renewable plant materials that produce roughly 60% lower greenhouse gas emissions than traditional snack bags.
For the first time since inflation began accelerating in mid-2021, restaurant prices outpaced grocery prices on a 12-month basis, according to the Labor Department. For months, restaurant CEOs like Cheesecake Factory's Matthew Clark and Wendy's Todd Penegor have touted their meals as a relative bargain compared with eating at home, based on consumer price index data. March food prices rose 8.5% over the last 12 months, fueled by the jump in the cost of eating away from home, which was up 8.8% over that period. The National Restaurant Association's chief economist, Bruce Grindy, attributed the increase to the surge in food prices at schools as free lunch programs instituted during the Covid pandemic expired. The overall consumer price index has risen 5% over the last 12 months as inflation continues to cool.
Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. Others went through management-training programs operated by department stores. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.
Giannis Antetokounmpo once kept his money in half a dozen bank accounts due to the FDIC limit. The NBA star's ventures now include a sports drinks maker, two sports teams, and a sustainable ETF. Nashville SCAlong with his three brothers, Antetokounmpo invested in Nashville SC, a Major League Soccer club, earlier this year. "I've always had the dream of owning a soccer team," he continued. "I want my kids before they even get their first dollar to know how to make a dollar into two.
Athina Kanioura, PepsiCo's first-ever chief strategy and transformation officer, has revamped the company's internal digital strategies. "If you treat this as a technology change, it will not be successful," she said. "There weren't global standards," she said. "We had to work to correct and, in some cases, get rid of some of the standards that existed and replace them with global standards," she said. Mapping out a communication campaign and establishing global standards are great first steps, she said.
Sweetgreen's chipotle chicken burrito bowl is the subject of a lawsuit filed Tuesday by Chipotle. The Mexican chain's complaint centers on the "chipotle-chicken burrito bowl," which Sweetgreen added to its menu last month. Chipotle's issue isn't that Sweetgreen used the word "chipotle" alone, the company said in a complaint filed Tuesday in U.S. District Court in Southern California. One example cited in the complaint shows a sign that Sweetgreen uses to promote the burrito bowl. A portion of Chipotle's complaint against Sweetgreen shows a Sweetgreen sign promoting the chipotle-chicken burrito bowl, with the word "chipotle" in all-caps and against a red background.
Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. David Swanson/ReutersOf course, times have changed — in the past, many retail CEOs got their start at the store level. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.
It is unclear how many Tesla Semis have been delivered. The recall impacts 35 trucks, but it's unclear what percentage of the total number of Tesla Semis on the road that represents. The electric-car maker began delivering the semi trucks in December. In January, Tesla issued an end-of-quarter delivery report, but it did not specify the delivery number for the Tesla Semi. The Tesla Semi recall is one of several hiccups the electric-car maker has dealt with in recent months.
CNN —Tesla has issued a recall for 35 of its new electric Semi trucks because the parking brake might not engage when applied by the driver. A Tesla Semi prototype seen durings its 2017 unveiling. PepsiCo also did not immediately respond to a request for information about its Tesla Semi truck fleet. There have been numerous reports of Tesla Semi trucks apparently breaking down on the road. Besides being fully electric, the Tesla Semi also has an unusual design in which the driver sits in the center of the cab rather on one side.
This low volatility ETF is ripe for a rebound, UBS says
  + stars: | 2023-03-29 | by ( Jesse Pound | ) www.cnbc.com   time to read: +2 min
David Perlman, an ETF strategist at the bank, said in a note to clients that UBS added the Invesco S & P 500 Low Volatility ETF (SPLV) to its list of favorite exchange traded funds. The SPLV, which holds the 100 stocks in the S & P 500 with the lowest realized volatility over the past 12 months, was rebalanced in February and now holds sizeable positions in some of UBS's favorite sectors. Notably, this suggestion means that UBS is calling for investors to ignore what has worked in 2023 so far. The fund has outperformed the S & P 500 over the past year, with a loss of 6% on a total return basis versus down 10.9% for the SPDR S & P 500 ETF, even when accounting for SPLV's 0.25% expense ratio and its poor first quarter. UBS removed several energy funds from its list of preferred ETFs, including the iShares U.S. Oil & Gas Exploration & Production ETF (XOP) .
Pepsi unveiled a new logo on Tuesday, which closely resembles its '90s design. The redesign comes alongside rising popularity for the '90s era among Gen Zers. The old Pepsi logo, pictured in 1990. Jean-Erick PASQUIER/Gamma-Rapho via Getty ImagesBut taking inspiration from a previous design also comes as Gen Zers bring back several trends from the '90s. Burberry was among those companies, replacing its knight logo and serif font in 2018, before bringing them back in February this year.
Pepsi has a new logo
  + stars: | 2023-03-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +5 min
New York CNN —If someone were to ask you to draw the Pepsi logo from memory, what would you draw? Pepsi has changed its logo over the years. The “Pepsi” in the logo “is decoupled from the globe,” noted Todd Kaplan, Pepsi’s chief marketing officer. Pepsi says that the changes its making are distinctive enough to do the trick, and highlight modern elements like Pepsi’s zero-sugar line. To highlight the zero line, the new logo uses black font and a black border, a nod to Pepsi Zero’s black can and label.
[1/2] Bottles of Campa Cola and Coca Cola are displayed at a Reliance Smart supermarket in Mumbai, India March 20, 2023. Other well known tycoons have tried to go toe-to-toe with the drinks giants, and failed, most notably Richard Branson with his Virgin Cola. The smallest bottles of Campa Cola and Coke both cost 10 rupees, while Pepsi starts from 12 rupees. Reliance did not respond to a request for comment, while Pepsi said it doesn't comment on competition as a policy. Another city store employee said 30 Campa bottles were being sold for every 100 of Pepsi and Coca-Cola.
Starbucks CEO Laxman Narasimhan told employees Thursday that he'll work a half day every month at one of the coffee giant's locations. Narasimhan took the helm on Monday and will lead the company's shareholder meeting Thursday. His pledge comes at a rocky time for the company's relationship with its baristas. As of Friday, more than 190 company-owned Starbucks locations have voted to unionize, according to National Labor Relations Board data. Before joining Starbucks, Narasimhan was chief executive of Reckitt, which owns brands like Lysol and Durex.
Laxman Narasimhan just started as CEO of Starbucks, and he's set to take home a hefty paycheck. This includes annual equity awards with a target value of $13.6 million, SEC filings show. According to Securities and Exchange Commission filings from September, Narasimhan will start with a base salary of $1.3 million per year. Starbucks says he'll also be eligible for annual equity awards with a target value of $13.6 million. When Kevin Johnson resigned as Starbucks CEO in April 2022, former boss Howard Schultz was named as his interim replacement.
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