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Comments on Inflation from Company Executives
Inflation is not slowing down. Last week, the BLS reported a 0.6% rise in the CPI during January, well over analyst estimates and bringing the annual rate of inflation to 7.5%.
The latest Fincredible MacroTalk goes over company earnings calls to analyze what executives are saying about inflation. Here are a few quotes from the post regarding cost inflation drivers as well as planned price increases by companies.
Inflation Drivers:
- $CLX "For us, commodity is still about 2/3 of the inflation, about 1/3 transportation, and resin, obviously, is the biggest component of the commodity inflation."
- $TSN ". Labor costs have been up 20%, cattle costs are up 22%. Grain has been up 29%. This year in freight, I mentioned earlier, is up 32%."
Future Price Increases:
- $PG "Just yesterday, we announced to retailers that we are increasing pricing on certain personal health care brands in the U.S. effective mid-April."
- $SBUX "We have already taken pricing actions this fiscal year, 1 in October 2021 and another in January 2022. And we have additional pricing actions planned through the balance of this year..."
- $LEVI “We have plans to take additional price increases in 2022 and beyond, helping us to offset inflationary pressures..."
If you'd like to read the whole post, here's the URL: Fincredible MacroTalk February 9th: Inflation
fincredibletranscripts.substack.com
Fincredible MacroTalk February 9th: Inflation
Comments on inflation from $TSN $CLX $PG $CL $AMZN $SBUX $RL $LEVI $ENR $TDG $UPS $OMC $LOGI $ALL $L $TMO
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