Today, Pepsi (second largest beverage company) announced improvement in quarterly earnings in spite of the rise in commodity costs. International sales were sighted as the financial thrust.
The bottling leg of Coca-Cola announced a significant drop due to high commodity costs.
Starbucks announced lower than anticipated quarterly earnings due to the U.S. consumer lack of spending.
I keep thinking about the hot dog vendors in Times Square who now take Euros.
Sal
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