RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • Newsletter
  • Contact & Route
Members' area
  • Log in
  • Become a member
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • Events
    • OVERVIEW EVENTS
    • EVENT PARTNERSHIPS
  • Advertising
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
  • Members’ area
RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • Newsletter
  • Contact & Route
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • Events
    • OVERVIEW EVENTS
    • EVENT PARTNERSHIPS
  • Advertising
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
  • Members’ area
Members' area
  • Log in
  • Become a member
thumb
Written by Pauline Neerman
In this article
  • Companies Procter & Gamble
  • Topics Financial results
  • Geography United States
Share article
  • facebook
  • instagram
  • twitter
  • linkedin
  • email

Procter & Gamble begins to feel the effects of price rises

icon
Beauty/Care20 October, 2022
Jonathan Weiss / Shutterstock.com

Procter & Gamble, the producer of Always, Dash and Dreft, is feeling the effects of higher prices and a stronger dollar. Profits are down and demand is falling, although the consumer products giant continues to perform above expectations.

4 billion in additional costs

Procter & Gamble is holding up better than expected in the current challenging environment. The manufacturer of Ariel, Gillette and Pampers, among others, saw its sales rise slightly by 1% to 20.6 billion dollars (about 21 billion euros) in the quarter just ended, which is more than analysts had dared to hope for. Although price and operations management is currently very difficult, organic growth would remain “solid”, according to CEO Jon Moeller.

Rising raw material costs have still led P&G to increase prices by 9%, which has reduced sales volume by 3%. Consumers are becoming somewhat put off by the ever-increasing prices. Supermarket chains have already revealed that people are opting more for cheaper private labels. In addition, the strength of the dollar against the euro and the pound has cost P&G 6% of its turnover. As a result, net profit fell by 4% to 3.9 billion dollars (4 billion dollars).

For the full year 2023, which ends at the end of June, P&G is now lowering its forecast. While revenue growth was initially expected to be around 2%, the group now expects sales to fall by between 1% and 3%. Currency effects alone would cost the group around 1.3 billion dollars, while transport costs would increase by 200 million dollars and raw material costs by as much as 2.4 billion dollars.

More about... Beauty/Care
See more
  • icon
    Beauty/Care1 July, 2025
    L’Oréal strengthens portfolio with cult brand Color Wow

    L’Oréal has reached an agreement to acquire fast-growing hair care brand Color Wow. The acquisition price has not been disclosed, but the brand is said to be worth over a billion dollars.

  • icon
    Beauty/Care26 June, 2025
    How the health trend is changing the cosmetics market

    Health is an essential criterion for consumers when choosing grooming products. Social media influencers' impact is significant as well. This is highlighted in a new trend report by Henkel and trend watcher Herman Konings.

  • icon
    Beauty/Care26 June, 2025
    Google invests in Gentle Monster for fashionable wearables

    Google has acquired a 4% stake in the South Korean eyewear maker Gentle Monster, amounting to a deal of around 107 million euros. Together, they aim to conquer the rapidly evolving market of smart glasses.

Events
  • 17
    Sep
    CAPTAINS OF RETAIL 2025 – EDITION II
  • 25
    Sep
    RETAIL MARKETING DAY 2025
Most read
  • icon
    Food13 June, 2025
    “Carrefour seeks buyer for Italian branch”
  • icon
    General20 June, 2025
    Fashion and hospitality boost El Corte Inglés’ profits
  • icon
    General10 June, 2025
    Marks & Spencer resumes online orders after 46 days
  • icon
    Fashion11 June, 2025
    Pinko at a turning point: returns to profit this year
Follow RetailDetail
  • socialFacebook
  • socialTwitter
  • socialInstagram
  • sociallinkedIn
footer-logo
RetailDetail, the leading b2b-retailcommunity in the Benelux, keeps retail professionals up-to-date by means of online & offline publications, retail events, inspiring retail hunts and the unique co-creation platform The Loop, where retailers and their suppliers can experience the future of shopping.
Mailing Address
Kolveniersstraat 7, bus 26 2000 Antwerp
Visiting address
Stadsfeestzaal – Meir 78 2000 Antwerp
How to reach us:
Directions
© 2025 RetailDetail
general conditions | privacy policy
Contact us About us info@retaildetail.be
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies.
Accept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT