WRAPUP 1-Diapers to yogurt, global firms face higher costs amid supply-chain woes [Reuters]
Procter & Gamble Company (The) (PG)
Last procter & gamble company (the) earnings: 4/17 07:00 am
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Source: Reuters
chain disruptions, signaling more margin pressure for global firms and higher prices for shoppers. Panic-buying at the start of the pandemic led to mass shortages of everything from toilet paper to packaged foods. Global lockdowns and labor shortages crimped supply chain movement and caused lasting log-jams at ports from China to California. Many companies have leaned on price increases to offset higher prices for materials needed to make and ship essential necessities like diapers and bottled water. Executives and analysts have said price increases will linger into next year. Procter & Gamble, which noted its first-quarter operating margins were squeezed, now expects a hit of about $2.3 billion in expenses this fiscal year, compared with a prior forecast of about $1.9 billion. The company is blaming higher raw material costs as well as diesel and energy prices, and said it does not expect those issues to ease up anytime soon. Danone, which sells Activa yogurt and Evian bott
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Earnings
- 4/19/24 - Beat
PG
Sec Filings
- 4/19/24 - Form 8-K
- 4/19/24 - Form 8-K
- 4/12/24 - Form S-8
- PG's page on the SEC website