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P&G Plans Price Hikes To Offset Rising Commodity Costs

This article was originally published in The Rose Sheet

Executive Summary

Procter & Gamble plans to raise product prices to offset rising commodity costs, with some increases likely before the end of the firm's fiscal year, June 30.

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Procter & Gamble expects that an across-the-board price increase of at least 3% – spurred by higher commodity costs – will prompt its competitors to raise product prices as well.

P&G To Hike Prices At Least 3%, Expects Others To Follow

Procter & Gamble expects that an across-the-board price increase of at least 3% – spurred by higher commodity costs – will prompt its competitors to raise product prices as well.

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Procter & Gamble is keeping its earnings guidance range broad in the face of volatile global factors.

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