Feb. 3 at 8:16 PM
$CPB What a waisted day when the sector is up. Apparently Pepsi lowering prices on some package sizes for lays/Doritos/cheetos/tostitos is killing any momentum here.
I would argue late July is a premium brand and tostitos isn't even sold in many of the markets/stores where late July is very popular . Also they have a significant product offering difference
As far as potato chips, competition is competitive obviously, Cambells has significant scale and price/package size ability also. And again here both their potato chip brands are premium where lays aren't even carried (whole foods for example doesn't even carry lays products). Most people going to buy the 'cheapest potato chips' possible aren't even considering kettle brand and Cape cod to begin with.
Cheetos and Doritos imo are not direct competitors to what cambells offers..
Anyways interesting sell off on a sector up day, just another irrational day with this stock unfortunately
