Procter & Gamble Says Shoppers Are Unbowed by Higher Prices

1/19/2022 3:03:00 PM

Quarterly sales rose 6%, led by health and cleaning products, with price increases accounting for half of the jump.

Cosmetics/Toiletries, Consumer Goods

Procter & Gamble reported another quarter of strong sales growth as consumers, undeterred by higher prices, loaded up on household staples

Quarterly sales rose 6%, led by health and cleaning products, with price increases accounting for half of the jump.

, loaded up on household staples from Gillette razors to Tide detergent.The Cincinnati-based consumer-products company reported revenue of $21 billion for the period ended Dec. 31, a 6% increase compared with a year earlier, fueled in part by the company’s highest average-price increases since spring 2019.

U.S. inflation in 2021hit its fastest pacein nearly four decades as pandemic supply and demand imbalances pushed up prices on everything from used cars to household staples.Pricing on average rose 3% in the latest quarter, P&G said, and price increases accounted for half the company’s revenue growth in the period. Higher volumes accounted for the other half.

Read more: The Wall Street Journal »

Thank You Joe! And Mayor Pete! Derp... Ya don't say.. Gotta keep things clean Got to clean clothes, bedding and what not . If anything I have stocked up thinking that we might have a shortage occur and I will still need to wash. Fighting a virus - I take off clothes toss in washer then shower as soon as I come home.

Corporate Greed

Dimming The Sun Is a Dangerous Gamble And Should Be Banned, Scientists WarnPlanetary-scale engineering schemes designed to cool Earth's surface and lessen the impact of global heating are potentially dangerous and should be blocked by governments, more than 60 policy experts and scientists said on Monday. First signs of intelligent life on Earth mikesara444 This is so scary. Too many of our naturally synthesized organisms on this planet are geared to the photosynthesis of the Sun. You cannot without dire consequence, fuck around with natural systems and Cycles. That's why we're where we're at today!

Analysis: Putin and Biden are caught in a high-stakes gamble over UkraineThe drumbeat towards another war in Ukraine is amplifying itself, taking on a life of its own, in a huge, high-risk maneuver by either the Biden administration or Moscow, or both | Analysis by International Security Editor Nick Paton Walsh Stupid Wars! No War Please!!! .. You are aware that Russia already occupies the eastern third of Ukraine right? There won’t be any fighting.

BMW will build its final V-12 car in 2022BMW will say goodbye to the V-12 with a special 7-Series priced at $200,995.

Ralph Lauren CEO says metaverse is way to tap into younger generation of shoppersRalph Lauren CEO Patrice Louvet said participating in the virtual world extends the brand's reach and creates new money-making opportunities. Or just not sell cheap crap made in sweat shops? 👉JOIN NOW FOR $25 BONUS ! Get Ready to start earning money 💰💵 online.. Now, you can also make $500. So, Click the given link & get $25 dollars Bonus on first time sign up. 👉SarahMich321 You have proven to me that you are genuine and i can trust you with my last dime marcusjailson1 thanks for the payouts

Brent Oil to extend its race higher towards $92.50 – SocGenBrent Oil rises around 1% this morning. Strategists at Société Générale expect prices to continue trending higher towards $92.50 and then $95.00/96.30

Oil prices will surge to $100 this year, Goldman Sachs warnsGoldman Sachs is now calling for oil prices to hit $100 a barrel later this year and continue rising in 2023, signaling higher prices at the pump are on the way Open up the pipelines. I don’t care if oil goes to $500 a barrel. My car will still be cheap to run. Looks like big oil still has us by the Sachs.

undeterred by higher prices , loaded up on household staples from Gillette razors to Tide detergent.Climate Change .(CNN)It is a very bad idea -- for all concerned.Comment Now! It's almost the end of the road for V-12-powered cars from BMW.

The Cincinnati-based consumer-products company reported revenue of $21 billion for the period ended Dec. 31, a 6% increase compared with a year earlier, fueled in part by the company’s highest average-price increases since spring 2019." An increase of 1. U. Yes, Russia's military is on the move, and massing in perhaps larger numbers than in the other years when we have seen similar posturing.S. The world's nations have committed to capping the rise in Earth's surface temperature to 1. inflation in 2021 hit its fastest pace in nearly four decades as pandemic supply and demand imbalances pushed up prices on everything from used cars to household staples.S.

Pricing on average rose 3% in the latest quarter, P&G said, and price increases accounted for half the company’s revenue growth in the period. The failure to reduce the greenhouse gas emissions that drive global heating has led some policy makers to embrace solar geoengineering – widely dismissed not long ago as more science fiction than science – in order to buy time for a more durable solution. And the reasons why Russia really wouldn't want to occupy any more of its neighbor's territory are the same as they have ever been. Higher volumes accounted for the other half. The added revenue helped offset soaring prices for raw materials, labor and transportation of goods as supply-chain woes continued to weigh on almost every industry. Nature sometimes does the same: debris from the 1991 eruption of Mount Pinatubo in the Philippines lowered Earth's average surface temperature for more than a year. Core earnings per share were $1. Ukraine has already been invaded twice, even if Moscow pretended that the"little green men" who took Crimea weren't theirs, and that the"concerned locals" who swarmed Donbas had purchased all their armored personnel carriers in army surplus stores.66, up 1% from the same period a year earlier, while margins fell. Artificially dimming the Sun's radiative force is likely to disrupt monsoon rains in South Asia and western Africa, and could ravage the rain-fed crops upon which hundreds of millions depend for nourishment, several studies have shown. Each buyer will also receive a trophy mentioning the selected paint and leather options of their specific vehicle, as well as the VIN.

SHARE YOUR THOUGHTS How has your spending on household staples changed over the course of the pandemic? Join the conversation below. P&G, which has posted more-consistent sales gains than its rivals throughout the pandemic, raised its revenue forecast for the fiscal year ended June 30, even as the company said costs will be higher than anticipated. Other regions, however, could benefit: a study last year concluded that SRM could sharply curtail the risk of drought in southern Africa. But their incompleteness is also a daily reminder that such conflicts are full of unknown unknowns which disrupt plans. P&G said it expects to spend $2.8 billion more on commodity, freight and foreign-exchange costs in the fiscal year compared with the previous year, about $500 million more than forecast last quarter. If SRM"were terminated for any reason, there is high confidence that surface temperatures would increase rapidly," the IPCC said. Earnings estimates remained unchanged. After it barged into Crimea in 2014, Moscow was left without a land corridor linking the peninsula to the Russian motherland, and only finished in 2018 a thin bridge across the Kerch Strait for utilities and supplies. That engine was also offered in a 7-Series.

“The consumer is very resilient and very focused on these categories of clean home and health and hygiene,” P&G finance chief Andre Schulten said in an interview. Finally, there is currently no global governance system to monitor or implement solar geoengineering schemes, which could be set in motion today by a single country, or even a billionaire with rockets. Mr. Schulten said that in addition to absorbing higher prices, consumers are switching to pricier, higher-end products, trading liquid laundry detergent for costlier single-dose pods, for example. Such an agreement"would not prohibit atmospheric or climate research as such," the letter said .The arguments that the Kremlin needs a land bridge to Crimea and a more certain status for Donbas are often central to explanations for why it may invade Ukraine a third time in eight years. A range of consumer-products companies, including P&G rivals .