inflationary pressure and a key them of companies reporting, to what extent are they able to pass on higher input costs in the form of higher prices and how strong is that customer demand. in terms of proktser and gamble they say higher commodity and freight costs did dent margins, and higher prices and productivity helped counter-act some of that drag on profits. the ceo says that they are expecting to see continued pressure on the cost side in the months ahead but shares were trading higher yesterday, because there is a little bit better than expected. tesla was another one focused, tesla crushed wall street estimates for revenue and profit, for another record quarter. the interesting thing here, that rising prices is not deterring people from buying tesla. the demand is holding up very well. customers appear to be willing to pay more. u.s. futures now pointing to a positive start to trade on wall street. as investors brace for more corporate earnings today. certainly the talk of w
First Quarter 2022 Highlights: Net Sales $949 Million; Value Added Revenue $370 MillionNet Income $8 Million; Net Income per Diluted Share $0.51Adjusted.
suppliers, supply chain backlogs due to the pandemic, more people eating at home, and soaring freight costs from a lack of truckers, and recent extreme weather. all of these factors happening all at once is a perfect storm. shortages and headaches for the consumer that s going out there. i just went in to get mayonnaise, and i ve been actually trying to get one jar for the past month, and it hasn t been there. every time i come, it s never there. reporter: the consumer brands association finding american grocery stores typically have 7% to 10% of their items out of stock at any given time. right now, that number is at about 15% for food and beverage products. smaller may be better when it comes to getting the product that you need. the smaller grocery stores are very nimble. they get more deliveries at a more frequent rate. reporter: and aldi, a major supermarket chain, apologized to customers this week because several items were not in stock. the company is blaming shipping
jonathan. yesterday we heard from proctor and gamble. they ll be raising prices again. it s the second time they increased their inflation forecast. what can consumers expect? you re going to see higher prices for care fabrics like tide detergent and downie dryer sheets and also personal health care items. it has to do with commodity prices and freight costs. they re going to be raising prices o on key international markets as well. julianna, you re our london correspondent as well. yesterday british prime minister boris johnson announces an easing of coronavirus restrictions this. time, the timing a little too perfect in an attempt to deflect. what s the latest there?
we have inflation and we have basically an economy that s on fire. you don t throw more fuel on the fire that s already on fire. reporter: senate minority leader mitch mcconnell says wages aren t keeping pace with inflation. if you haven t personally gotten a pay raise of 8% or more in the last year, then democrats policies have given you a pay cut. reporter: shipping delays are driving up the cost of everything from apples to the price of hay for farmers. washington hay producers estimate that the freight costs could be three times more expensive by this winter. reporter: weekly trips to the grocery and gas station give americans a real-time metric on the economy and their wallet. those are key concerns for voters this fall. if the economy the economy is stupid. this is the hard part for democrats and why you see them struggling right now to spin this because there s no way to spin this. reporter: democrats injected $1.9 trillion in extra covid aid into the economy la