Inflationary Pressures Continue to Push on Consumer Product Companies
50 minutes in the past
Persistently excessive costs and rising labor prices are slicing into margins for a few of the largest U.S. firms as inflation continues to weave its method by means of the economic system.
Inflation has been declining since its highs in 2022, however it’s nonetheless above the Federal Reserve’s goal fee of two%. Corporate executives have been speaking about value pressures on their earnings calls, whether or not it is fewer clients eager to pay elevated costs or larger prices affecting backside strains.
Companies that promote shopper merchandise equivalent to Kraft Heinz, Pepsico and McDonald’s all reported persistent inflationary pressures of their final earnings name, leading to decrease business.
Read extra about what executives mentioned relating to inflation right here.