Procter & Gamble’s quarterly sales, earnings get boost from price hikes

beat estimates for quarterly sales and profit on Wednesday, as price hikes on everything from Head & Shoulders shampoo to Tide detergent helped blunt the impact of higher raw material costs and a stronger dollar.

Demand for household consumer goods has so far fallen at a slower pace than discretionary products like apparel and electronics, as consumers prioritize spending on essential items. P&G said average prices across its product lines rose 9 per cent in the first quarter ended Sept. 30, while sales volumes fell 3 per cent.

Nestle has also benefited from price hikes and a smaller-than-expected slowdown in demand, with the world’s largest packaged food company posting its strongest nine-month sales growth in 14 years and raising its full-year forecast earlier on Wednesday.

Inflation, how does that happen you ask?

'boosted by price hikes' Or what I call price gouging the consumer

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

'More of the Same' to Come from Housing Market in Coming Months: EconomistA new report from RBC Economics shows that sales activity and home prices continuing on a downward trajectory in most Canadian markets.
مصدر: storeyspub - 🏆 16. / 74 اقرأ أكثر »