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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Ten Companies Warn About Passing Along Rising Costs To Consumers
Posted by:
Fucktarded Democrats FTW !!!
()
Date: June 13, 2021 01:00PM
Campbell Soup Company
On June 9, in Campbell Soup's third quarter, 2021 conference call, the word "inflation" was mentioned 35 times by execs and analysts.
The company revealed it was "impacted by a rising inflationary environment," and CEO Mark Clouse said he expects "sustained inflationary pressures through the remainder of the year."
Campbell's said it will be raising food prices this summer to offset the rising costs. Although CEO Mark Clouse noted, "we are going to be very thoughtful about it. The last thing we want to do is shut down the growth that we've worked fairly hard to have."
--
The JM Smucker Company
In JM Smucker's fourth-quarter, 2021 conference call on June 3, there were 10 mentions of inflation, and CEO Mark Smucker said the company would be raising prices to offset rising costs.
"Broad-based inflation is impacting many of the commodities, packaging materials, and transportation channels that are important to our business. We are mitigating the impacts through a combination of higher pricing inclusive of list price increases, reduced trade and net revenue optimization strategies, as well as continued cost management," Smucker said.
--
Stanley Black & Decker
In Stanley Black & Decker's first quarter 2021 earnings presentation on April 28, in a slide entitled "Commodity Inflation Update," the company said steel, resin, base metals, electrical components, and batteries have pushed incremental inflation costs up for 2021 by $160 million vs. January guidance.
The slide showed Black & Decker's plans to increase prices to offset costs.
--
Whirlpool
In an interview with Yahoo Finance in April, Whirlpool's CFO Jim Peters said the company was seeing price increases and would pass the costs onto consumers.
"We took price increases in every region of the world, that range from 5% to 12%," Peters said. "Those are driven by commodity cost increases, and it's something we have done historically."
The company said in its first-quarter conference call that the price increase actions "will offset the impact of global supply constraints and rising input costs."
--
Kimberly-Clark
Kimberly-Clark said it would be raising prices on products like Scott toilet paper and Huggies diapers by "mid-to-high single digits" in late March.
Then, in the company's April 23 first-quarter earnings call, execs said they saw "sharp rises in input costs."
Michael Hsu, Kimberly-Clark's chairman and chief executive officer, said the company was "moving rapidly, especially with selling price increases to offset commodity headwinds."
--
Honeywell
Honeywell's CEO Darius Adamczyk announced that "inflation is taking hold" and affecting his business' bottom line in the company's first-quarter 2021 conference call on April 23.
The CEO said, "there's no doubt about it. We knew it. We see it." Honeywell announced it would be "quickly taking action" on pricing to stay ahead of the problem.
--
The Clorox Company
Clorox's VP of Investor relations Lisah Burhan told investors in the company's third-quarter 2021 results on April 30 that the company has seen "significant resin price inflation."
In order to "manage those rising costs," Clorox announced "pricing action" effective in July. "As we've mentioned, we'll manage inflationary pressures holistically using all the tools in our toolbox," Burhan said.
--
Procter & Gamble
Procter & Gamble COO Jon Moeller told analysts in an April 20 earnings call that "this is one of the bigger increases in commodity costs that we've seen over the period of time that I've been involved with this, which is a fairly long period of time."
The company said it will begin "the process of implementing price increases on its Baby Care, Feminine Care, and Adult Incontinence product categories in the United States to offset a portion of the impact of rising commodity costs," noting that the "exact amount of the price increase will vary by brand and sub-brand in the range of mid-to-high single-digit percentages and will go into effect in mid-September."
--
Coca-Cola
In mid-April, Coca-Cola's CEO James Quincey told CNBC's Sara Eisen on "Squawk on the Street" that the company would be increasing prices to offset rising costs.
"We are well-hedged in '21, but there's pressure built up for '22, and so there will have to be some price increases," Quincey said.
"We intend to manage those intelligently, thinking through the way we use package sizes and really optimize the price points for consumers," he added.
--
Reynolds Consumer Products
Reynolds Consumer Products revealed that a three-step price increase is already underway on some of its most popular products last month.
"Price increases have been implemented, and a second-round is underway, with plans for a third-round to be implemented in the third quarter," Michael Graham, Reynolds chief financial officer, said during the company's first-quarter earnings call on May 8.
---------------
Even as nominal wages are increasing, real wages aren't keep up with soaring prices for food at the supermarket or fuel at the gas station
On June 9, in Campbell Soup's third quarter, 2021 conference call, the word "inflation" was mentioned 35 times by execs and analysts.
The company revealed it was "impacted by a rising inflationary environment," and CEO Mark Clouse said he expects "sustained inflationary pressures through the remainder of the year."
Campbell's said it will be raising food prices this summer to offset the rising costs. Although CEO Mark Clouse noted, "we are going to be very thoughtful about it. The last thing we want to do is shut down the growth that we've worked fairly hard to have."
--
The JM Smucker Company
In JM Smucker's fourth-quarter, 2021 conference call on June 3, there were 10 mentions of inflation, and CEO Mark Smucker said the company would be raising prices to offset rising costs.
"Broad-based inflation is impacting many of the commodities, packaging materials, and transportation channels that are important to our business. We are mitigating the impacts through a combination of higher pricing inclusive of list price increases, reduced trade and net revenue optimization strategies, as well as continued cost management," Smucker said.
--
Stanley Black & Decker
In Stanley Black & Decker's first quarter 2021 earnings presentation on April 28, in a slide entitled "Commodity Inflation Update," the company said steel, resin, base metals, electrical components, and batteries have pushed incremental inflation costs up for 2021 by $160 million vs. January guidance.
The slide showed Black & Decker's plans to increase prices to offset costs.
--
Whirlpool
In an interview with Yahoo Finance in April, Whirlpool's CFO Jim Peters said the company was seeing price increases and would pass the costs onto consumers.
"We took price increases in every region of the world, that range from 5% to 12%," Peters said. "Those are driven by commodity cost increases, and it's something we have done historically."
The company said in its first-quarter conference call that the price increase actions "will offset the impact of global supply constraints and rising input costs."
--
Kimberly-Clark
Kimberly-Clark said it would be raising prices on products like Scott toilet paper and Huggies diapers by "mid-to-high single digits" in late March.
Then, in the company's April 23 first-quarter earnings call, execs said they saw "sharp rises in input costs."
Michael Hsu, Kimberly-Clark's chairman and chief executive officer, said the company was "moving rapidly, especially with selling price increases to offset commodity headwinds."
--
Honeywell
Honeywell's CEO Darius Adamczyk announced that "inflation is taking hold" and affecting his business' bottom line in the company's first-quarter 2021 conference call on April 23.
The CEO said, "there's no doubt about it. We knew it. We see it." Honeywell announced it would be "quickly taking action" on pricing to stay ahead of the problem.
--
The Clorox Company
Clorox's VP of Investor relations Lisah Burhan told investors in the company's third-quarter 2021 results on April 30 that the company has seen "significant resin price inflation."
In order to "manage those rising costs," Clorox announced "pricing action" effective in July. "As we've mentioned, we'll manage inflationary pressures holistically using all the tools in our toolbox," Burhan said.
--
Procter & Gamble
Procter & Gamble COO Jon Moeller told analysts in an April 20 earnings call that "this is one of the bigger increases in commodity costs that we've seen over the period of time that I've been involved with this, which is a fairly long period of time."
The company said it will begin "the process of implementing price increases on its Baby Care, Feminine Care, and Adult Incontinence product categories in the United States to offset a portion of the impact of rising commodity costs," noting that the "exact amount of the price increase will vary by brand and sub-brand in the range of mid-to-high single-digit percentages and will go into effect in mid-September."
--
Coca-Cola
In mid-April, Coca-Cola's CEO James Quincey told CNBC's Sara Eisen on "Squawk on the Street" that the company would be increasing prices to offset rising costs.
"We are well-hedged in '21, but there's pressure built up for '22, and so there will have to be some price increases," Quincey said.
"We intend to manage those intelligently, thinking through the way we use package sizes and really optimize the price points for consumers," he added.
--
Reynolds Consumer Products
Reynolds Consumer Products revealed that a three-step price increase is already underway on some of its most popular products last month.
"Price increases have been implemented, and a second-round is underway, with plans for a third-round to be implemented in the third quarter," Michael Graham, Reynolds chief financial officer, said during the company's first-quarter earnings call on May 8.
---------------
Even as nominal wages are increasing, real wages aren't keep up with soaring prices for food at the supermarket or fuel at the gas station
Re: Ten Companies Warn About Passing Along Rising Costs To Consumers
Posted by:
Registered Democrat
()
Date: June 13, 2021 02:35PM
What a load of bull we all know that corporation absorb higher taxes JOE and us Democrats pass on them out of the goodness of their hearts to make elitist liberals feel so warm and the masses of poor that never ends as we import more poor daily over our southern open border love our " we Democrats are getting the rich and helping you " lying rhetoric
That's while we Democrats keep tax breaks that mostly Democrats wrote in to Internal Revenue code because we controlled the congress so many times to give our millionaire and billionaires plus the well off legal tax breaks that anyone who has any brain takes, but if its Trump or a Republican we will bitch like pure hell ! But we sure put on the good act don't we about tax breaks for the rich!
Just look at majority Democrat controlled areas in California or here in NOVA where average homes cost 700-800k where the houses are sky high in price and the people are well off , they are not taking any Trump tax cuts or breaks and love the much higher prices and proposed increased taxes too from JOE out of the goodness of their hearts just like the corporations.
Everyone has a better time heading to OBX when JOE gas is 1.25 cents a gallon higher then TRUMP gas was last summer and JOES JUST GETTING STARTED HES ONLY BEEN IN LESS THEN 5 MONTHS! WOW What a DEAL !
ITS SUCH A DEMOCRAT SPECIAL DEAL ! RAISE TAXES AFTER BORROWING TRILLIONS FOR PROGRESSIVE PORK PROJECTS BANKRUPTING AMERICA ! A DEMOCRAT CORE VALUE ALWAYS !
LETS SPEND TRILLIONS ON "INFRASTRUCTURE" Thats really more PROG PORK infrastructure LETS GRAB GUNS WITH GUN BANS TO "HEAL" AMERICA ! LETS LEAVE OUR SOUTHERN BORDER OPEN TO PANDER TO BRING MORE POOR INTO THE USA "
WE DEMOCRATS HAVE A DAILY HORROR SHOW FOR YOU EVERY DAY WERE IN POWER !
Attachments:
That's while we Democrats keep tax breaks that mostly Democrats wrote in to Internal Revenue code because we controlled the congress so many times to give our millionaire and billionaires plus the well off legal tax breaks that anyone who has any brain takes, but if its Trump or a Republican we will bitch like pure hell ! But we sure put on the good act don't we about tax breaks for the rich!
Just look at majority Democrat controlled areas in California or here in NOVA where average homes cost 700-800k where the houses are sky high in price and the people are well off , they are not taking any Trump tax cuts or breaks and love the much higher prices and proposed increased taxes too from JOE out of the goodness of their hearts just like the corporations.
Everyone has a better time heading to OBX when JOE gas is 1.25 cents a gallon higher then TRUMP gas was last summer and JOES JUST GETTING STARTED HES ONLY BEEN IN LESS THEN 5 MONTHS! WOW What a DEAL !
ITS SUCH A DEMOCRAT SPECIAL DEAL ! RAISE TAXES AFTER BORROWING TRILLIONS FOR PROGRESSIVE PORK PROJECTS BANKRUPTING AMERICA ! A DEMOCRAT CORE VALUE ALWAYS !
LETS SPEND TRILLIONS ON "INFRASTRUCTURE" Thats really more PROG PORK infrastructure LETS GRAB GUNS WITH GUN BANS TO "HEAL" AMERICA ! LETS LEAVE OUR SOUTHERN BORDER OPEN TO PANDER TO BRING MORE POOR INTO THE USA "
WE DEMOCRATS HAVE A DAILY HORROR SHOW FOR YOU EVERY DAY WERE IN POWER !
Attachments: