×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: p and g | inflation | procter and gamble

P&G to Raise Prices Across All 10 of its Product Categories

tide
(Getty Images)

By    |   Friday, 21 January 2022 01:30 PM

Procter & Gamble (P&G) will raise prices on select products across all 10 of its product categories next month, the company's Chief Financial Officer Andre Schulten said on the second quarter earnings call for 2022. On the call P&G's said its net sales rose 6% in the quarter, to $20.95 billion.

These price increases come on top of higher prices in recent months on P&G mid-tier detergents, Fox Business reports. The new price hikes will impact P&G's higher-end laundry product lines, including Tide, Gain, Bounce, Unstoppables, liquid dtergents, scent beads, liquid fabric softeners and dryer sheets.

Schulten also said that sales for P&G's fabric care line increased in the double-digits in the second quarter. Fabric, personal and feminine care products are "growth drivers [where] P&G is driving a disproportionate share of overall category value growth, growing the pie for all participants," he said.

The CFO added that while transportation and labor markets are challenging, P&G is maneuvering these obsctacles.

Fox noted that the pandemic continues to drive record sales for cleaning prodcuts.
 

© 2022 Newsmax Finance. All rights reserved.


StreetTalk
Procter & Gamble (P&G) will raise prices on select products across all 10 of its product categories next month, the company's Chief Financial Officer Andre Schulten said on the second quarter earnings call for 2022.
p and g, inflation, procter and gamble
173
2022-30-21
Friday, 21 January 2022 01:30 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved