Latest Consumer products and services News
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
NEW YORK (AP) — Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households. Consumer goods giants from PepsiCo to Kraft Heinz have described recently how the combination of high inflation and higher interest rates is...
Honest: Q1 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Honest Co. (HNST) on Wednesday reported a loss of $1.4 million in its first quarter. The Los Angeles-based company said it had a loss of 1 cent per share. The results topped Wall Street expectations. The average estimate of...
Edgewell Personal: Fiscal Q2 Earnings Snapshot
SHELTON, Conn. (AP) — SHELTON, Conn. (AP) — Edgewell Personal Care Co. (EPC) on Wednesday reported fiscal second-quarter earnings of $36 million. On a per-share basis, the Shelton, Connecticut-based company said it had profit of 72 cents. Earnings, adjusted for non-recurring...
Clorox: Fiscal Q3 Earnings Snapshot
OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Tuesday reported a loss of $51 million in its fiscal third quarter. On a per-share basis, the Oakland, California-based company said it had a loss of 41 cents. Earnings, adjusted for non-recurring costs, were $1.71...
Newell Brands: Q1 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported a loss of $9 million in its first quarter. On a per-share basis, the Atlanta-based company said it had a loss of 2 cents. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a...
Colgate-Palmolive: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Colgate-Palmolive Co. (CL) on Friday reported first-quarter profit of $683 million. The New York-based company said it had net income of 83 cents per share. Earnings, adjusted for non-recurring costs, were 86 cents per share. The...
Editorial Roundup: Minnesota
Minneapolis Star Tribune. April 20, 2024. Editorial: Minnesota is losing the race on mental health care A new state study concludes that reimbursement provided by medical programs hasn’t kept pace with the cost of providing care. So it makes zero sense to let a cut...
Kimberly-Clark: Q1 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Kimberly-Clark Corp. (KMB) on Tuesday reported first-quarter earnings of $647 million. The Dallas-based company said it had profit of $1.91 per share. Earnings, adjusted for non-recurring costs, were $2.01 per share. The results beat...
Court approves 3M settlement over 'forever chemicals' in public drinking water systems
Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company said. ...
Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow
HONG KONG (AP) — Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions. The Shenzhen-based company reported a net profit of 87 billion yuan ($12 billion), helped...
