On October 25th, PMO’s CFO Jon Moeller said that P&G had informed retailers that it would upgrade some products including oral care, personal care and home care early next year after the announcement of the first quarter earnings report for FY 2019. price.
It is understood that the products mentioned by Moeller will increase the price globally, and the price increase range is between 5% and 10%. And this price increase is mainly related to the increase in transportation costs and the impact of exchange rate fluctuations.
In the first quarter of fiscal year 2019, P&G lost $400 million in after-tax income due to foreign exchange. Procter & Gamble has begun to increase the prices of commodities in developing countries such as Argentina, Turkey and Russia to compensate for the adverse effects of foreign exchange depreciation.