Today: September 16, 2024
Today: September 16, 2024

Consumer Goods

Business|Economy

Reckitt pressed by shareholders to revisit sale of nutrition business, FT reports

British consumer goods company Reckitt is under pressure from top shareholders to revisit a sale of its Mead Johnson Nutrition business, following litigation and other setbacks at the

Reckitt pressed by shareholders to revisit sale of nutrition business, FT reports
Business|Economy|Finance

Nestle, Unilever sales disappoint as consumers hunt for value

Nestle and Unilever may be raising prices more slowly but it has not been enough to win back some cost-conscious customers.

Nestle, Unilever sales disappoint as consumers hunt for value
Economy|Finance

Fridges not bridges: China veers off beaten path with consumer stimulus

China's use of ultra-long treasury bonds to fund a consumer goods trade-in programme deviates from the usual playbook of boosting investment to support the economy and is fuelling

Fridges not bridges: China veers off beaten path with consumer stimulus
Business|Finance

Colgate-Palmolive raises 2024 forecasts on strong demand

Toothpaste maker Colgate-Palmolive raised its forecasts for annual profit and organic sales on Friday, after beating second-quarter estimates on resilient demand for its high-priced

Colgate-Palmolive raises 2024 forecasts on strong demand
Economy

Ripe for change? Activist investors eye food, consumer goods firms

In early 2021, investment management firm Artisan Partners sent an open letter to an incoming member of Danone's board, saying it had built a stake of more than 3% in the French

Ripe for change? Activist investors eye food, consumer goods firms
Business

Kimberly-Clark boosts profit target for third time as price hikes pay off

Kimberly-Clark lifted its annual profit forecast for the third time this year after its quarterly profit beat estimates on Tuesday, backed by higher prices and resilient demand for

Kimberly-Clark boosts profit target for third time as price hikes pay off
Business

Price rises slow, but Unilever and others struggle to win shoppers back

Packaged goods makers including Unilever and Nestle disappointed investors with weak third-quarter sales volumes, but that could change in the coming months as price

Price rises slow, but Unilever and others struggle to win shoppers back
Business

Coty raises annual core sales outlook as fragrances, cosmetics drive demand

Coty on Tuesday raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up the CoverGirl parent's new

Coty raises annual core sales outlook as fragrances, cosmetics drive demand
Business

France's Leclerc backs Carrefour in pressuring food producers

The chairman of France's biggest supermarket chain E.

France's Leclerc backs Carrefour in pressuring food producers
Business

Consumer goods makers set to post mixed sales as US prices ease more than in Europe

Consumer goods companies are likely to post stronger fourth-quarter sales growth in Europe than in the United States, monthly data indicates, boosted by persistently

Consumer goods makers set to post mixed sales as US prices ease more than in Europe
Business

Hot sauce maker McCormick forecasts weak 2024 on falling sales volumes

McCormick on Thursday forecast its annual sales and profit below Wall Street estimates, hit by lower sales volumes as consumers traded down to cheaper private label alternatives for spices

Hot sauce maker McCormick forecasts weak 2024 on falling sales volumes
Business

Colgate-Palmolive sees sales slowing in 2024 as muted volumes weigh

Colgate-Palmolive on Friday forecast fiscal 2024 sales below estimates, as higher prices of its oral and personal care products continue to weigh on volumes.

Colgate-Palmolive sees sales slowing in 2024 as muted volumes weigh
Business

Consumer goods giants could see margin recovery halt as price hike benefits abate

A strong margin recovery for consumer goods giants could face a setback as easing input costs after several quarters of biting inflation are offset by cautious

Consumer goods giants could see margin recovery halt as price hike benefits abate
Business

Clorox to sell some Latin American operations; take $233 million charge

Bleach maker Clorox said on Thursday that it would sell its operations in Argentina, Uruguay and Paraguay to private equity fund Apex Capital, as it looks to tighten its portfolio to be

Clorox to sell some Latin American operations; take $233 million charge
Business|Economy|News

P&G lifts annual profit forecast on strong US consumer demand, easing costs

Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe,

P&G lifts annual profit forecast on strong US consumer demand, easing costs
Business|Economy

Kraft Heinz misses sales estimates as higher prices deter customers

Kraft Heinz missed Wall Street estimates for first-quarter sales on Wednesday, signaling inflation-weary consumers were pushing back against its higher-priced branded lunch combos, mac and cheese, and

Kraft Heinz misses sales estimates as higher prices deter customers
Business|Economy

Germany's Henkel raises 2024 outlook on strong Q1

German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.

Germany's Henkel raises 2024 outlook on strong Q1
Business|Economy

Consumer goods makers weighed down by weak US and European sales

Consumer goods giants including Nestle, Kraft Heinz and Reckitt are likely to report weak second-quarter sales growth from Europe and the United States, as consumers

Consumer goods makers weighed down by weak US and European sales
Asia|Business|Economy

India's Hindustan Unilever reports higher Q1 profit on volume growth

India's Hindustan Unilever (HUL) posted a higher first-quarter profit on Tuesday as price cuts boosted volumes, while a revival of the company's key home care business indicated a

India's Hindustan Unilever reports higher Q1 profit on volume growth
Business|Economy|Finance

Kimberly-Clark raises annual profit forecast on higher prices

Kleenex tissue maker Kimberly-Clark on Tuesday raised its forecast for full-year profit after beating Wall Street estimates for second-quarter earnings, betting on higher prices and steady

Kimberly-Clark raises annual profit forecast on higher prices

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