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Robert Ottenstein of Evercore ISI asks about operating cost inflation being faced in most of the segments. $PEP COF Hugh Johnston said the biggest factor in that is wage inflation. The company has about $28Bil in opex, approx. half of that is labor and outside the US labor is inflationary.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.