Big companies manage to pass on soaring costs to cash-strapped consumers

, and Dulux paint maker Akzo Nobel saying they were able to accomplish the gains while raising their prices.

But while cheering investors, with Nestle, ABB, and Akzo Nobel enjoying share price gains, the strategy is stirring worries about households’ ability to cope and the outlook for the rest of the year. Nestle beat a 5% average forecast for the sales measure that strips out currency swings and M&A deals in a company-compiled consensus thanks to price increases of 5.2%.

The world’s biggest yogurt maker benefited from price increases at the start of the year as well as easier comparisons and stronger demand for baby formula in China.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New shopping habits seen roiling FMCG industry - BusinessWorld OnlineThe fast-moving consumer goods (FMCG) industry needs to consider how the pandemic has transformed shopping habits, according to data and consulting firm Kantar. READ:
Source: bworldph - 🏆 9. / 68 Read more »

New Mexico fines 'Rust' movie company $137,000 for safety lapsesNew Mexico on Wednesday fined Rust Movie Productions LLC its maximum citation of $137,000 for "willful" safety failures leading to the fatal shooting of cinematographer Halyna Hutchins last year during the filming of Western "Rust."  
Source: gmanews - 🏆 11. / 68 Read more »