Rising oil prices lead to higher prices for toiletries
The price of toiletries has gradually risen since 2008 began and will rise again very soon.
Manufacturer Kimberly-Clark is planning to increase prices on items such as tissues, toilet paper, and diapers.
For Kimberly-Clark, sales in the recently ended quarter were up 11 percent, but the price of commodities has eaten away at their profits. The company has raised prices twice this year and plans to do so again. Consumers can look for the price of brands such as Cottonelle, Kleenex and huggies to rise by at least 6 percent.
The company announced today that the previous quarter’s earnings will not meet analyst expectations and it has also lowered its profit outlook for the year.
Tags: kimberly clark, procter & gambleRelated Stories
POSTED IN: Commodities, Corporate, Earnings, Market, News, Uncategorized
1 opinion for Rising oil prices lead to higher prices for toiletries
Pay Per Click Fool
Jul 19, 2008 at 2:01 am
Inflation will continue as long as the the government keeps giving away free money (ie tax rebates) … one has to ask, where do they get this free money to give away??
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