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Judy Hong of Goldman Sachs asks about the 1Q16 margin vs. guidance for the balance of the year. $PEP CFO Hugh Johnston said that commodities were a bit deflationary in 1Q16 due to the overlaps around energy prices. Commodities will be inflationary going forward. In 2Q16 & 3Q16, $PEP expects less margin improvement and stronger improvement in 4Q16.
$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.