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P&G expects higher annual earnings despite $2 billion input costs
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P&G forecasts higher annual earnings despite $2 billion input costs
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FILE PHOTO: Mondelez International s Oreo biscuits are seen in this illustration picture taken July 26, 2021.REUTERS/Dado Ruvic/Illustration
(Reuters) - Mondelez International Inc raised its full-year organic revenue forecast on Tuesday, as more consumers snacked on the food giant’s Oreo cookies and Cadbury chocolates across emerging markets including Brazil and China.
Demand for the Toblerone maker’s biscuits and snacks has picked up across India, Russia and other emerging markets which struggled to pull in sales last year while pandemic-led curbs kept people at home.
“Mobility is increasing as restrictions ease, but at-home consumption remains elevated and it appears that higher levels of working from home and shopping online are here to stay,” Chief Executive Officer Dirk Van de Put said on a call.
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July 26 (Reuters) - Hasbro Inc is trying to get
around the supply chain bottlenecks set off by the pandemic to
deliver toys and boardgames for the holiday season by expanding
its shipping operations and advancing its sourcing of products.
The move by the U.S. toymaker aims to cash in on the demand
for Nerf blasters and action figures based on Marvel
superheroes, while its television production rebounds, thanks to
vaccine rollouts and easing of restrictions.
Hasbro shares rose 10% to their highest level in 17 months
after the company beat quarterly results expectations on Monday. We may experience some shifts in delivery dates and timing
Mattel expects strong holiday season after Barbie boosts quarterly sales
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.