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Maker of Huggies, Scott brands plans to increase prices in late June

Maker of Huggies, Scott brands plans to increase prices in late June
Michael Conroy/AP
FILE - Shelves in the paper towel and toilet paper section are depleted at a Meijer Store in Carmel, Ind., Tuesday, Nov. 17, 2020. (AP Photo/Michael Conroy)
and last updated 2021-03-31 18:13:17-04
The price of toilet paper is going up.
On Wednesday, Kimberly-Clark Corporation announced they re increasing the cost of a majority of its North America consumer products business, which includes baby products, adult care products, and toilet paper.
The maker of Cottonelle, Scott, and Viva said the price hike is due to rising commodity costs. ....

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Summer Price Increase for Huggies Diapers, Cottonelle TP

The company says these price increases are necessary to help offset significant commodity cost inflation.
I call bologna on that. Last year we all saw toilet paper fly off the shelves, and we all know that these companies were making BANK! You don t have to believe me, though. Just check out Kimberly-Clark s 2020 year end results and 2021 outlook.
Chairman and Chief Executive Officer Mike Hsu said, In 2020, we grew organic sales 6 percent, with healthy underlying performance and increased demand because of COVID-19. We also significantly increased brand investments and improved our market share positions. In addition, we achieved $575 million of cost savings and returned $2.15 billion to shareholders through dividends and share repurchases. Finally, we grew adjusted earnings per share 12 percent, well above our medium-term objective. ....

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Why you may soon pay more for Huggies, Scott bathroom tissue and other household essentials

Why you may soon pay more for Huggies, Scott bathroom tissue and other household essentials
FILE - In this Jan. 10, 2011 file photo, packages of Huggies and Pull-Ups, both Kimberly-Clark brands, are displayed at a store in San Francisco. (Source: AP Photo/Jeff Chiu, File/AP)
By Travis Leder | April 1, 2021 at 8:30 AM HST - Updated April 2 at 4:46 AM
(Gray News) - Some household supplies are expected to cost more at the grocery store in the coming months because of market impacts.
Kimberly-Clark, which makes popular brands Huggies, Kleenex and Pull-Ups, announced Wednesday it plans to increase prices in its baby and child care, adult care and Scott Bathroom tissue businesses. ....

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For the first time since COVID, profits are rising again

NEW YORK (AP) The freefall for corporate profits because of the pandemic is over, at. ....

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MSNBC Dateline September 14, 2019 09:28:00

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