P&G CEO: Shoppers are not balking at price increases

Yahoo Finance2022-01-19

So far, Procter & Gamble (PG) is seeing little resistance from shoppers to inflation-driven price increases it has taken in recent months."Our price elasticities are 20% to 30% lower than we were ...

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vic78
2022-01-20
vic78
👍👍
- 股惑仔79:
  Ok
Noobplayer
2022-01-20
Noobplayer
Ok
Mom of 2
2022-01-20
Mom of 2
Good to buy XLP!
Chris_CHRIS
2022-01-19
Chris_CHRIS
Ok

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Typically at this point in the cycle, there's a shift down to private label [products] which we're not yet seeing,\" P&G CEO Jon Moeller said on Yahoo Finance Live. Moeller hinted P&G may take a short-term pause before considering future prices increases.\"We've announced price increases in the majority, I think nine out of 10 categories. Some of those price increases have not yet come to the shelf. So we're going to work through that before we take the next step,\" Moeller added.On Wednesday, P&G reported volume gains in all five of its business lines for its second fiscal quarter. Volume increases were led by an 8% increase in the company's fabric care segment. Sales rose faster than volume in all segments, reflecting P&G's recent price increases and consumers not balking too much at the hikes as suggested by Moeller.Here is how P&G performed compared to Wall Street estimates for its second fiscal quarter:Net Sales: $21 billion vs. $20.35 billionOrganic Revenue Growth: +6% vs. +3.97%Diluted EPS: $1.66 vs. $1.65Fiscal Year OutlookOrganic Revenue Growth: +4% to +4% (was +2% to +4%) vs. +4.1%Core EPS Growth: +3% to +6% (was +3% to +6%) vs. +4.4%Shares of P&G are up 4% Wednesday morning following the results. The Dow Jones Industrial Average component's stock has gained 17% over the past year, slightly outperforming the Dow's 16% advance.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":630032657,"gmtCreate":1642631848546,"gmtModify":1642631849685,"author":{"id":"3584874174562489","authorId":"3584874174562489","name":"vic78","avatar":"https://static.tigerbbs.com/d4dc3bd30cec435b0345175f72eeb4dc","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3584874174562489","authorIdStr":"3584874174562489"},"htmlText":"👍👍","listText":"👍👍","text":"👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/630032657","repostId":2204465056,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7192694,"gmtCreate":1642633762771,"gmtModify":1642633762809,"authorId":3577415105079753,"author":{"id":3577415105079753,"idStr":"3577415105079753","authorId":3577415105079753,"name":"股惑仔79","avatar":"https://static.tigerbbs.com/2521bf7235578dd93b9e7d10c59d5058","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":630032657,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":630031930,"gmtCreate":1642629070046,"gmtModify":1642629070173,"author":{"id":"4099647582870040","authorId":"4099647582870040","name":"Noobplayer","avatar":"https://static.tigerbbs.com/b74d503da80c40d8b084a557457856a0","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":0,"idStr":"4099647582870040","authorIdStr":"4099647582870040"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/630031930","repostId":2204465056,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":630002589,"gmtCreate":1642610808855,"gmtModify":1642610809006,"author":{"id":"4104019644985520","authorId":"4104019644985520","name":"Mom of 2","avatar":"https://static.tigerbbs.com/6c4dd5527b1302befdc0a9fc81d3282c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4104019644985520","authorIdStr":"4104019644985520"},"htmlText":"Good to buy XLP!","listText":"Good to buy XLP!","text":"Good to buy XLP!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/630002589","repostId":2204465056,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":697771256,"gmtCreate":1642606817005,"gmtModify":1642606817659,"author":{"id":"4097664093197460","authorId":"4097664093197460","name":"Chris_CHRIS","avatar":"https://static.tigerbbs.com/99bfc11e3279b5ee45705492228a37ee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4097664093197460","authorIdStr":"4097664093197460"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/697771256","repostId":2204465056,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":24,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2204465056"}