consumer-perception
Top StoriesPub Group Wetherspoon Aims to Break Even This Year Amid Cost Pressures
Top StoriesBritons Cut Back on Meat and Fish as Cost of Living Crisis Bites
UncategorizedMakers of Dawn Dish Soap, Heinz Ketchup, Clorox Boost Defenses Against Store Brand Rivals
Top StoriesSwiss Industry and Households Feel Strain From Rising Prices-Data
Material Costs, Ukraine War Lead Henkel to Expect Lower Profits
Date: April 29, 2022
DUESSELDORF, Germany (Reuters) – German consumer goods group Henkel said on Friday it was lowering its profit forecasts for 2022 in light of stronger-than-expected increases in materials costs and the consequences of the Russian invasion of Ukraine. However, the maker of Persil washing detergents and Pritt glue is more optimistic than before about sales growth...
Reckitt Price Hikes Drive Better Than Expected Sales Growth
Date: April 29, 2022
LONDON (Reuters) -Reckitt Benckiser Group beat first-quarter sales expectations on Friday, having increased prices to offset soaring raw material costs and flat volumes. Consumer goods manufacturers from Procter & Gamble to Nestle have for months sought to raise prices in the face of higher supply chain and commodity expenses, with Russia’s invasion of Ukraine having...
Britain’s Sainsbury’s Warns of Lower Profit on Inflation Hit
Date: April 28, 2022
By James Davey LONDON (Reuters) -British supermarket group Sainsbury’s followed market leader Tesco in warning of a drop in profit this financial year as soaring inflation raises its costs and hits shoppers’ spending, sending its shares lower. Sainsbury’s said on Thursday its underlying profit before tax in 2022-23 was expected to be between 630 million...
UK Card Spending, Online Job Ads Fall After Easter – Ons
Date: April 28, 2022
LONDON (Reuters) – Measures of consumer behaviour in Britain weakened after the recent Easter holidays, and online job adverts also decreased, the Office for National Statistics said on Thursday. Interbank CHAPS payments related to spending on credit and debit cards fell nine percentage points in the week to April 21 from the previous week to...
Harley-Davidson Profit Drops on Rising Costs and Chip Shortages
Date: April 27, 2022
By Bianca Flowers (Reuters) -Harley-Davidson Inc reported a drop in first-quarter profit, in line with Wall Street expectations, as margins at the motorcycle maker were squeezed by higher costs and chip shortages, while sales were boosted by global price increases. The Milwaukee-based company’s shares were down 1.2% in midmorning trading at $36.20 on the New...
Ups Shares Fall as Consumer Caution Dims E-Commerce Outlook
Date: April 26, 2022
(Reuters) -United Parcel Service Inc on Tuesday reported better-than-expected quarterly earnings, but shares fell 3% after executives said they expected e-commerce delivery growth – which drove its pandemic business – to cool this year. UPS now expects volume in its biggest U.S. business to fall in the first half of 2022 before improving in the...