• Latest
  • Trending
  • All
  • Lifestyle & Entertainment
Big businesses are able to pass on rising costs to cash-strapped customers

Big businesses are able to pass on rising costs to cash-strapped customers

April 21, 2022
Walgreens pulls out of the Boots sale following market turmoil

Walgreens pulls out of the Boots sale following market turmoil

June 28, 2022
In a decade, the population of England and Wales increased by 6%

In a decade, the population of England and Wales increased by 6%

June 28, 2022
The abortion hints that can be found on your phone

The abortion hints that can be found on your phone

June 28, 2022
After Roe V. Swim Decision, Howard Stern Talks, Quitting The Radio For Presidential Run

After Roe V. Swim Decision, Howard Stern Talks, Quitting The Radio For Presidential Run

June 28, 2022
One Of Netflix’s Most Popular Acquired Shows Is About To Get Yanked Off The Service

One Of Netflix’s Most Popular Acquired Shows Is About To Get Yanked Off The Service

June 28, 2022
First Hocus Pocus 2 Trailer Brings Back The Sanderson Sisters, So Hide Your Children

First Hocus Pocus 2 Trailer Brings Back The Sanderson Sisters, So Hide Your Children

June 28, 2022
FX’s The Old Man starring Jeff Bridges renewed for Season 2

FX’s The Old Man starring Jeff Bridges renewed for Season 2

June 28, 2022
“It’s incredible to play a superhero who is vulnerable,” Natalie Portman says of her return as Thor

“It’s incredible to play a superhero who is vulnerable,” Natalie Portman says of her return as Thor

June 28, 2022
Amber Heard was awarded $ 2 million? E-mail leaked to public?

Amber Heard was awarded $ 2 million? E-mail leaked to public?

June 28, 2022
The Pope’s Exorcist will star Russell Crowe

The Pope’s Exorcist will star Russell Crowe

June 28, 2022
HBO’s House of the Dragon headed to San Diego Comic-Con’s Hall H

HBO’s House of the Dragon headed to San Diego Comic-Con’s Hall H

June 28, 2022
With Amy Jackson’s family, Ed Westwick celebrates his birthday

With Amy Jackson’s family, Ed Westwick celebrates his birthday

June 28, 2022
Retail
Tuesday, June 28, 2022
Contact Us
  • Home
  • World
  • Business
  • Lifestyle & Entertainment
  • Science & Technology
  • Horoscope
  • Korean
No Result
View All Result
The UBJ - United Business Journal
No Result
View All Result

Big businesses are able to pass on rising costs to cash-strapped customers

by Anjali Agrawal
April 21, 2022
in Business
0
Big businesses are able to pass on rising costs to cash-strapped customers

First-quarter profits indicated that manufacturers of everything from chocolate bars and coffee to lawnmowers and industrial robots were successful in passing on rising costs to customers, assuaging fears that higher prices might hurt demand.

Some of Europe’s top firms reported first-quarter sales growth, with Nestle (NESN.S), Danone (DANO.PA), and Akzo Nobel (AKZO.AS), the creator of KitKat, stating they were able to achieve the gains while hiking their pricing.

YOU MAY ALSO LIKE

There is a risk of more BA strikes as more employees are consulted

People reduce their food purchases as price increases bite

Despite rising prices, engineering firm ABB (ABBN.S) and gardening equipment manufacturer Husqvarna (HUSQb.ST) both reported solid demand.

Outside of Europe, Tesla (TLSA.O) outperformed Wall Street on Wednesday, as higher pricing helped buffer the electric vehicle manufacturer from supply chain instability and rising costs.

While the plan has boosted the stock prices of Nestle, ABB, and Akzo Nobel, it has also raised concerns about households’ ability to adapt and the prospects for the rest of the year.

Consumers are being squeezed by rising borrowing rates and lagging pay arrangements, as their disposable earnings drop and their shopping expenditures climb.

In a recent report, Berenberg predicted that “food and pricing and cost inflation pressure will be stronger and more persistent.”

“The sector outlook has deteriorated,” the bank continued. “However, grocery demand will be resilient, with outperformers emerging as inflation rises.”

Nestle, the parent company of Nescafe, was one of the winners on Thursday, claiming a 7.6% gain in organic sales in the first three months of the year, owing to strong pet food and coffee sales despite significant price increases. find out more

Thanks to price hikes of 5.2 percent, the metric, which excludes currency movements and M&A agreements, outperformed a 5.0 percent average prediction in a company-compiled consensus.

The Swiss corporation, whose brands include Purina pet food and Nespresso, said, “We increased up pricing in a reasonable manner and witnessed continuous consumer demand.”

Tags: cash-strapped

Advertisement

Instagram

    Please install/update and activate JNews Instagram plugin.

Recent News

Walgreens pulls out of the Boots sale following market turmoil

Walgreens pulls out of the Boots sale following market turmoil

June 28, 2022
In a decade, the population of England and Wales increased by 6%

In a decade, the population of England and Wales increased by 6%

June 28, 2022

Categories

  • Business
  • Featured
  • Horoscope
  • k-drama
  • Korean
  • Lifestyle & Entertainment
  • Movie
  • News
  • Science & Technology
  • Technology
  • World

Quick Contact

[contact-form to='[email protected]' subject='Footer Contact'][contact-field label='Email' type='email' required='1'/][contact-field label='Message' type='textarea'/][/contact-form]

The UBJ – United Business Journal

The UBJ Is content that is informative, entertaining, and relevant to its region. It offers news, sport, lifestyle, business & more

© 2022 The UBJ. All Right Reserved

  • About UBJ
  • Contact
  • Editorial Team
  • Privacy Policy
  • Disclaimer

No Result
View All Result
  • Home
  • World
  • Business
  • Lifestyle & Entertainment
  • Science & Technology
  • Horoscope
  • Korean

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Enable Notifications    OK No thanks