Prices Of Procter & Gamble Products Expected To Rise
Newsy
The company blames supply chain issues for the spike in prices.
Procter & Gamble is raising prices on a range of goods as higher commodity and freight costs are set to take a bite out of its profits.
The maker of Pampers diapers, Tide detergent and Crest toothpaste said Tuesday it has been raising prices on product lines including baby, family, home and fabric care. In the last few weeks, it has started telling retailers that it will boost prices on more categories including grooming, skin care and oral care.
"The degree and timing of these moves are very specific to the category, brand and sometimes the product form within a brand," Chief Financial Officer Andre Schulten said during a call to discuss quarterly results. "This is not a one-size-fits-all approach."
