The company's shares rose nearly 2% in premarket trading as strong quarterly sales helped cushion the blow from a bigger-than-previously forecast increase in annual freight and commodity costs.
Sales of fabric & home care products, including Tide and Mr. Clean, rose 7% in the second quarter, as the rapid spread of the Omicron coronavirus variant led consumers to buy more cleaning products.
A more intense flu season also drove organic demand for personal health care products up 20%.
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Maruti May Stop S-Cross, Drive In SUV With Toyota
New model to take on Hyundai's Creta
Pay At Card Machine By Using Your Hand
Walletmor's implant allows a user to pay at any terminal that accepts wireless payments by placing her hand on device
More investments, less conflict on leaders' minds
WITH NEARLY 100 CEOs and over a dozen government leaders here for a rare springtime annual meeting of the World Economic Forum (WEF), the Indian contingent at this Swiss ski resort town is brimming with confidence when it comes to share their story of fighting the Covid-19 pandemic and attracting more investments.
Amazon aims to sublet, end leases of warehouse
AMAZON.COM, STUCK WITH too much warehouse capacity now that the surge in pandemic-era shopping has faded, is looking to sublet at least 10 million square feet of space and could vacate even more by ending leases with landlords, according to people familiar with the situation.
Margins set firm's performance apart
Cigarette and FMCG saw impressive numbers; FY22 a year of recovery; 'Buy' retained with unchanged target price of ₹305
Final quarter results missed estimates
Marketing losses likely to widen in Q1FY23, though higher GRM could partially offset impact; 'Buy' retained
Infosys reappoints Salil Parekh as CEO & MD for another five years
INFOSYS ON SUNDAY said that its board of directors has reappointed Salil Parekh as CEO and MD for another five years.
Semiconductor shortage may hit telcos' revenues
Semiconductor shortage may hit telcos' revenues
States in no hurry to cut VAT
Cut rates last Nov, say BJP-ruled states; excise cut translates to VAT cut too, counter Opposition states
US, other APEC delegates walk out on Russian speaker
DELEGATES FROM THE United States and four other nations staged a walkout Saturday when a representative from Russia began his opening remarks at a meeting of trade ministers of the Asia-Pacific Economic Cooperation group in the Thai capital, officials said.
The Group Portrait: Less Tall, Less Male, Still Young
The Paris Review has a new editor, a new staff, and a new vibe.
The Money Game: Scott Galloway
Buy Now. Pay (and Pay, and Pay, and Pay) Later. The bill for the finance hack of the pandemic is coming due-for all of us.
The Best Bagels in the World?
They might be on Long Island.
Realism Is Not His Deal
Joseph Giovannini turned this Los Angeles loft into an op-art womb. His tenant loves it.
Park Avenue's Greatest Pipes
Inside the organ at St. Bartholomew's, enveloped in 18th-century surround sound.
Cruise's Last Stand
Thirty-six years after the original, Top Gun: Maverick eulogizes the actor’s entire career.
The SAD YOUNG LITERARY MAN Is Now a MIDDLE-AGED DAD
KEITH GESSEN wrote a memoir about family life. His wife, EMILY GOULD, is mostly okay with that.
There Has to Be a Backup Plan.
Inside the 2024 soul-searching that's happening in every corner of the Democratic Party-except the White House.
At Patti Ann's, the Kids' Menu Is the Only Menu
Pigs in a blanket and chicken-fried pork chops just like Mom never used to make.
VA STABS OUR HEROES IN THE BACK!
Bribery, fraud & shoddy services endanger health of U.S. military