Live news updates: Procter & Gamble warns of consumer reluctance to accept price rises
Written by Black Hot Fire Network on July 29, 2022
© Bloomberg
Colgate-Palmolive has raised its full-year guidance after pledging to pass on higher raw material and logistics costs by further raising prices for its products.
The consumer goods group, whose brands include Speed Stick deodorant and Softsoap, increased its full-year organic sales growth guidance 1 percentage point to between 5 and 7 per cent, but maintained its net sales growth forecast in the 1 to 4 per cent range.
The toothpaste maker reported net sales up 5.5 per cent in the second quarter to $4.48bn, above analysts’ estimates of $4 . . .
