Re:Why Oatmeal Is Cheap: Kolmogorov Complexity and Procedura...
by metaphor on Saturday April 29, 2023 @11:44AM
(#35754007)
After sleuthing Q1 earnings earlier this past week, it's becoming quite evident that the US is entering into stagflation territory.
For example, cherry-picking Quaker Foods North America, PepsiCo 23Q1 earnings reported[1] +10% revenue on -5% volume; this pattern is rearing its head across the consumer staples sector.
Putting this into pragmatic perspective, local prices where I'm at are $5.68/42oz ~= €4.30/kg for Quaker Oats name brand as a proxy baseline, while Walmart's Great Value house brand are $3.98/42oz ~= €3.00/kg on the cheaper end of the spectrum.
For example, cherry-picking Quaker Foods North America, PepsiCo 23Q1 earnings reported[1] +10% revenue on -5% volume; this pattern is rearing its head across the consumer staples sector.
Putting this into pragmatic perspective, local prices where I'm at are $5.68/42oz ~= €4.30/kg for Quaker Oats name brand as a proxy baseline, while Walmart's Great Value house brand are $3.98/42oz ~= €3.00/kg on the cheaper end of the spectrum.
[1] https://www.sec.gov/Archives/edgar/data/77476/00000774762300...