Consumers pay up for favorite CPG brands despite rising prices
October 20, 2022
Nestle and Procter & Gamble both posted better-than-expected results yesterday as consumers continue to pay for the companies’ branded consumer packaged goods including Nescafe coffee and Gillette shaving products. “We are also seeing consumers moving to two different price points,” said P&G finance chief Andre Schulten. “A group of consumers is looking for value by trading into higher transaction sizes to find lower cost per use, or lower cost per unit. And we see other consumers who are more cash-conscious, and they are very focused on cash outlay,” he said.
Recent News
Kentucky Derby Celebration Spots in Las Vegas and Goldbelly Home Delivery
Las Vegas, though miles away from Louisville, gears up for the Kentucky Derby with a range of special offerings. From viewing parties to themed cocktails, the city joins the celebration of the sesquicentennial Run for the Roses. If you’re a resident of Kentucky, you can get Ready for the Kentucky Derby with Goldbelly.
New Nintendo Theme Park to Open in Orlando
It’s set to open in 2025.
Novo Noradisk Announces $6B Investment in Ozempic, Wegovy Amid Shortages
The money will help meet increased demand for the drugs.
EV Battery Tax Credit Rules Change in the US
The U.S. government has made some tweaks to electric vehicle (EV) tax credits, possibly paving the way for more EVs to qualify for credits of up to $7,500. These tax credits range from $3,750 to $7,500 for new EVs, with a $4,000 credit available for used ones.