Procter & Gamble to Keep Raising Prices on Continuing Macro Challenges -- Market Talk
Dow Jones
Procter & Gamble continues to expect more volatility in costs, currencies and consumer dynamics as the it moves through the second half of its fiscal year ending June 30, CFO Andre Schulten says on a conference call. The consumer goods company forecasts a worse-than-expected hit from supply chain inflation, transportation expenses and raw material costs, Schulten says. "These macroeconomic and market-level consumer challenges we're facing are not unique to P&G and we won't be immune to the impact," Schulten says, adding that the group is setting a portion of these cost headwinds with price increases and productivity savings. Shares are down 0.8% at $144.35
