Consumer spending has remained resilient, giving companies permission to offset increased costs of production.
Kimberly-Clark, maker of consumer products including toilet tissue, has raised prices already this year.Companies are raising prices on items across the board this year to account for increases in the cost of doing business, and Dallas-based Kimberly-Clark is no outlier.
Overall net sales for the consumer goods behemoth were up 7%. Sales of Kimberly-Clark’s personal care products specifically grew 11% year over year in the three-month period ending March 31. The increased cost of materials for Kimberly-Clark’s products are anticipated to take a 40% bite out of the company’s operating profit growth in 2022. The war in Ukraine instigated by Russia rocked energy markets, and higher gasoline costs in the first quarter tacked major costs onto business operations.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Watch Calahan Skogman and Danielle Galligan's 'Shadow and Bone' Chemistry TestThe chemistry test between 'Shadow and Bone's Calahan Skogman and Danielle Galligan is a testament to why Helnik worked so well in the first season.
Leer más »
Chris Rock’s Mom Calls Out Will Smith’s Oscars Ban: “You Don’t Even Go Every Year”'When you hurt my child, you hurt me,' Rose Rock said about Smith slapping her son at the Oscars.
Leer más »
Inflation is impacting health-care costs in retirement. Here's how to fight itRising health care costs can have major consequences for current and future retirees. Read the full story from sharon_epperson and StephanieDhue here:
Leer más »
Stocks slide as Federal Reserve signals sharper interest rate hikesFed Chair Jerome Powell acknowledged that policy makers must move fast to stem rising inflation.
Leer más »
Bitcoin a 'strong inflation hedge' amid volatile market: Okcoin CEOOkcoin CEO Hong Fang argues bitcoin is a 'strong' inflation deterrent despite its recent price volatility.
Leer más »
Babysitting rates soar past $20 an hourThis has many families questioning if a night out from the children is even worth it.
Leer más »