Investors and the Fed aren't freaking out about inflation. Should they? [CNN]
Campbell Soup Company (CPB)
Last campbell soup company earnings: 3/4 07:30 am
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Source: CNN
New York (CNN Business) There is a gigantic disconnect between Main Street and Wall Street when it comes to inflation. Something's got to give. The US government reported last week that consumer prices , excluding food and energy, rose at their fastest clip since 1992 in May. Sherwin-Williams is lifting the price of paint, one of many companies that's responding to higher commodities costs. Food prices are also surging. Chipotle just raised prices. So did Campbell Soup And the chief financial officer of restaurant and arcade chain Dave & Buster's said during a recent earnings call with analysts that he expects a 6% to 8% increase in food costs for 2021 due to higher chicken, beef and dairy prices. Wages are rising too, especially for workers in the retail, leisure and hospitality sectors that are returning to jobs as the economy reopens. That adds to inflationary pressures, because some companies will choose to hike prices in order to maintain profits. Labor shortages
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CPB
Earnings
- 3/6/24 - Beat
CPB
Sec Filings
- 4/16/24 - Form 8-K
- 4/8/24 - Form 4
- 4/4/24 - Form 144
- CPB's page on the SEC website