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$CPB's cost inflation was about 2-3%, but core ingredients, packaging and energy components is about 1%. Within that the key drivers would be five categories; vegetables, flavors, sweetners, chocolates and in eggs, looking at inflation rates of close to 50% in FY16. FX impact of input costs on Canadian & Australian businesses is fairly significant.
$SBUX launched its annual “Starbucks for Life” competition in the U.S. and Canada. The winner of the competition will receive a credit of one drink or food item per day for a duration of 30 years.
$T shares rose 1.8%, as a big boost for the S&P 500. The company said its new streaming television service DirectTV has so far exceeded expectations.
$TXMD flying high.. anyone here to catch..?
$CMG crashing. There seems to be nothing good to read about this company.