P&G stock was up 3.4% on Wednesday, and has gained 23.2% over the last 12 months. We also note China’s economy is slowing and Procter’s sales are flat this fiscal year.” Thus we see greater uncertainty around the consumer and, hence, topline growth sustainability. “timulus is dropping off, mobility resuming, and consumer spending could shift towards services (and away from goods). “While elasticities so far have been better than in the past, volume growth is likely to moderate from here as more pricing goes into effect,” analysts wrote. and is regarded by many consumers (and publications like Consumer Reports) as the most effective stain remover among the major brands. “Consistently solid execution, along with a product portfolio that focuses on daily use items and a growth strategy that is centered around innovation, should equate to strong and reliable long-term results.”Ĭredit Suisse maintained its neutral stock rating and $145 target price, noting the hurdles the company could soon face. Tide is the most popular laundry detergent brand in the U.S. “We maintain a Buy rating, viewing PG’s best-in-class supply chain and dominant pricing power as significant competitive advantages during this difficult operating environment,” wrote CFRA’s Arun Sundaram in a post-earnings note.ĬFRA raised its 12-month price target by $2 to $178. P&G reported sales and profit that beat expectations early Wednesday, and narrowed its sales guidance for the year. See: Cheerios parent General Mills expects supply chain disruptions to further impact price Have talked about the disruptions to production that the pandemic has caused. Has discussed price increases, and companies like McCormick & Co. We now expect freight and transportation costs to be an incremental $300 million after-tax headwind for fiscal 2022.” Freight costs have continued to increase. Since our last update, we’ve seen continued increases in diesel and chemicals with little offset in other materials. “Based on current spot prices, we now estimate a $2.3 billion after-tax commodity cost headwind in fiscal 2022. “The recent spike in virus cases and resulting lockdowns increase the risk of additional work stoppages in our operations or in those of our suppliers,” Schulten said.
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