#ProcterAndGamble CFO #AndreSchulten boasted of increasing prices *and* margins, saying "We have not seen any material reaction from consumers, so that makes us feel good about our relative position."
#Kroger CEO #GaryMillerchip said, "We’ve been very comfortable with our ability to pass on the increases that we’ve seen at this point, and we would expect that to continue to be the case."
https://www.wsj.com/articles/u-s-companies-bet-shoppers-will-keep-paying-higher-prices-11635067802
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#procterandgamble #andreschulten #kroger #garymillerchip
Talk about saying the quiet part out loud! Here's the eminently guillotineable Colgate CEO #NoelWallace: "What we are very good at is pricing." Or the tumbril-ready #Kroger CEO #GaryMillerchip: "We’ve been very comfortable with our ability to pass on the increases that we’ve seen at this point, and we would expect that to continue to be the case."
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#noelwallace #kroger #garymillerchip