Tag: consumer staples
-
Winter of discontent
Exxon & Chevron gush cash, Microsoft purchase of Activision to get FEC looksee, J&J to pay $150 million settlement, and much much more!
-
Clorox shares tumble after earnings drop
Clorox (CLX) has a current dividend yield of 3.20% and is rated as “Safe” by SimplySafeDividends. I hold CLX in my Low Yield Portfolio. In total CLX is 0.4% of my portfolio. Clorox shares declined 15% premarket after it reported an earnings drop from the year-ago quarter, as demand fell for cleaning products related to the…
-
P&G reports strong quarter and consumer acceptance of higher prices
The Cincinnati-based consumer-products company reported revenue of $21 billion for the period ended Dec. 31, a 6% increase compared with a year earlier, fueled in part by the company’s highest average-price increases since spring 2019. U.S. inflation in 2021 hit its fastest pace in nearly four decades as pandemic supply and demand imbalances pushed up prices on…
-
Walgreens raises forecasts and posts higher sales and profits
The Deerfield, Ill., drugstore chain said sales and profits rose in its latest quarter, and raised its full-year forecast as demand for Covid-19 vaccines and at-home tests continued to draw customers to its stores. Walgreens said it administered 15.6 million Covid-19 vaccinations in the latest quarter, which ended Nov. 30, and provided 6.5 million Covid-19…
-
Procter & Gamble issues recall for a variety of products after benzene detected in some
The affected products include dry shampoos and dry conditioners from Pantene, Aussie and Herbal Essences, produced in the U.S. The consumer-goods company said it started investigating its products after news reports of other aerosol products containing benzene. In July, Johnson & Johnson recalled most of its Neutrogena and Aveeno spray sunscreens after it found the chemical in some of its products.…
-
Proctor & Gamble raising prices on household staples
Inflation continues to ripple through all economic sectors The maker of Tide detergent and Gillette razors said it would start charging more for certain beauty, oral care and grooming products such as razors. The price increases come in addition to earlier moves to start charging more for staples from diapers to toilet paper. P&G, which released quarterly…