Consumer goods manufacturer Kimberly-Clark Corp. said it is planning to raise prices for the second time this year due to “significant inflation,” according to its CEO. The company, which makes Kleenex and Huggies diapers, expects input costs to rise by $1.4 billion to $1.5 billion during the current fiscal year, which is above a prior estimate that called for an increase of $1.3 billion. Our earnings were negatively impacted by significant inflation and supply chain disruptions that increased our costs beyond what we anticipated,” CEO Michael Hsu said during an earnings call, according to a news release from the firm. We are taking further action, including additional pricing and enhanced cost management, to mitigate these headwinds as it is becoming clear they are not likely to be resolved quickly.” Hsu continued to say the firm “will continue to invest in our brands and capabilities as we navigate through this volatile and difficult …
Toilet Paper, Tissues, Diapers About to Get More Expensive: Consumer Goods Company
October 26, 2021
admin
0 Comment