Chief Financial Officer Andre Schulten warned in a call with media that P&G, a bellwether for consumer products, is seeing “some resurgence” of shoppers buying cheaper store brand items in some categories. Private label brands in Europe are stronger, he said in a call with analysts.
Schulten added that retailers’ reactions to price increases announced in July were “what you would expect.” Waves of the pandemic, clogged shipping ports and the Russia-Ukraine war have snarled global supply chains and led to a jump in prices of commodities including pulp, resin and polypropylene, pinching profits of consumer goods makers.
A stronger greenback typically reduces profits of companies such as P&G that have sprawling global operations and substantial sales in foreign currencies. Prices across P&G’s brands, from Crest to Old Spice, rose on average about 8% in the fourth quarter, while sales volumes fell about 1%.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Amazon shares surge as company shows it can generate sales while slowing spendingSales topped analysts’ estimates and Amazon gave a revenue forecast for as much as 17 per cent growth in the current period. Read more.
مصدر: financialpost - 🏆 7. / 85 اقرأ أكثر »
Amazon shares surge as company shows it can generate sales while slowing spendingSales topped analysts’ estimates and Amazon gave a revenue forecast for as much as 17 per cent growth in the current period. Read more.
مصدر: nationalpost - 🏆 10. / 80 اقرأ أكثر »
Loblaws earnings show sales of everything except food slowing down, as inflation bites consumer appetites | CBC NewsLoblaw Companies Ltd.'s sales growth is softening as inflation continues to grip the economy and shape consumer shopping habits, the company's president and chairman said Wednesday. Pharma profiting from pandemics Shocker Will any of those profits be shared by frontline staff? Or passed on to the consumer via lower food prices Will there be decency or greed?😳🤦♀️ So it wasn’t the $10.99/lb organic peppers?
مصدر: CBCNews - 🏆 2. / 99 اقرأ أكثر »
PGM producer Royal Bafokeng’s earnings down 58% in H1 2022 due to lower metal prices, higher costsA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »