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Despite Rising Costs, Consumer Products Companies Surveyed Expect Operating Margins to Increase

Palm Beach, FL – December 13, 2022 – FinancialNewsMedia.com News Commentary – The consumer goods market not only survived the recent pandemic, but it came through stronger, and observers project it will be back to sustained growth in the years to come. Ira Kalish, chief global economist, Deloitte said: “The baseline outlook for 2022 is for relatively strong growth in consumer products, even amid continued supply chain stress and labor shortage, though both should gradually abate. During the pandemic, governments, businesses, and individuals undertook actions that set the stage for strong economic growth.”  A report from Industry Research.biz projected that the global Fast Moving Consumer Goods (FMCG) market size was valued at USD 11951.95 million in 2021 and is expected to expand at a CAGR of 3.17% during the forecast period, reaching USD 14415.47 million by 2027.  The Deloitte report added: “Bold moves made during last year’s uncertainty are paying off, as the year ahead for the consumer products industry looks to be one of strong economic growth. Yet, some challenges could stand in the way of continued progress. How can consumer packaged goods (CPG) companies outmaneuver of these obstacles? Explore Deloitte’s perspective and what 100 executives from apparel, household goods, personal care, and food & beverage companies think awaits them in the year ahead.”  Active companies in the markets this week include Bruush Oral Care Inc. (NASDAQ: BRSH), Stitch Fix, Inc. (NASDAQ: SFIX), Walmart Inc. (NYSE: WMT), Amazon.com, Inc. company (NASDAQ: AMZN), Costco Wholesale Corporation (NASDAQ: COST).

 

The article continued: For the consumer products industry, the next 12 months will likely be one of strong financial performance. Like last year, driving greater revenue continues to be the top goal for 93% of executives in Deloitte’s 2022 consumer products industry outlook survey. The “no-regret moves” companies undertook amid 2021’s unpredictability are paying off and despite rising costs, at least half of companies surveyed expect their operating margins to increase. This coincides with an environment conducive to raising prices for end consumers.  Consumer brands that aren’t open and transparent are the most at risk of losing meaningful trust with consumers, according to nine in ten executives surveyed. Becoming more transparent isn’t just a matter of changing a company’s overall approach or attitude toward openness. So, consumer product companies are putting their money where their mouth is. Six in ten companies are making moderate, if not significant, investments in 2022 to increase the level of transparency they provide to consumers and other stakeholders.”

 

Bruush Oral Care Inc. (NASDAQ: BRSH) BREAKING NEWSBrüush Electric Toothbrush to be a Featured Item on Home Shopping Channel TSC  – Bruush Oral Care Inc. (“Brüush” or the “Company”), a direct-to-consumer leader in the oral care category, announced today that it will be participating in a one-day sales campaign on the home shopping channel, Today’s Shopping Choice (“TSC”), on Friday December 16, 2022. This will be the Company’s second appearance on the home shopping channel, with their first appearance having taken place in September. TSC is Canada’s only nationally televised shop-from-home service, reaching into over 7 million households across the country and is actively watched by almost 1.5 million viewers weekly.

 

Through the campaign with TSC, Brüush hopes to reach a broader audience this holiday season and will showcase its most popular colors while on the air. Earlier this month, the Company launched two seasonal colors – Arctic Blue and Midnight Blue – which will be available on a limited-edition basis through the holiday period. The Brüush electric toothbrush will be featured on TSC during three segments on Friday, December 16, which can be viewed on the TSC website (https://tsc.ca) and will occur at 9.30am, 1.30pm and 5.30pm (Eastern Standard Time).

 

The campaign comes at an opportunistic time for Brüush given its recent announcement that it generated record sales in the month of November equating to 50% year-over-year growth and expects the strong momentum to continue in December. The Company also closed a $3.0 million private placement last week to provide additional working capital and growth capital to fund marketing, brand awareness and customer acquisition initiatives.  CONTINUED…  Read this full release and get more info for BRSH at:   https://investors.bruush.com/

 

Additional recent developments in the markets include:

 

Stitch Fix, Inc. (NASDAQ: SFIX), the trusted online personal stylist, recently announced its financial results for the first quarter of fiscal year 2023 ended October 29, 2022.

 

Stitch Fix CEO Elizabeth Spaulding said, “This quarter we made meaningful progress on our transformation journey despite a difficult macro environment. Through diligent cost savings and efficiencies we beat our adjusted EBITDA expectations for Q1 and have improved our adjusted EBITDA guidance for FY23. By enhancing our client experience, rightsizing our cost structure, evolving our marketing and deepening our differentiators of fit, discovery, and human relationships, we are positioning ourselves well to achieve profitability in the near term and a return to growth in the future.”

 

Walmart Inc. (NYSE: WMT) recently announced its Third-quarter highlights which were:

Company delivered strong revenue growth globally, with strength in Walmart U.S., Sam’s Club U.S., Flipkart, and Walmex. Total revenue was $152.8 billion, up 8.7%, or 9.8% in constant currency.

 

Walmart U.S. comp sales grew 8.2% and 17.4% on a two-year stack. eCommerce growth was 16% and 24% on a two-year stack. Continued to gain market share in grocery.

 

Sam’s Club comp sales increased 10.0%, and 23.9% on a two-year stack. Membership income increased 8.0% with member count reaching an all-time high.

 

Walmart International net sales were $25.3 billion, an increase of $1.7 billion, or 7.1%, negatively affected by $1.5 billion from currency fluctuations. Segment operating income led by double-digit growth for Walmex.

 

At AWS Event, Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), recently announced that Yahoo has selected AWS as its preferred public cloud provider for its advertising technology business Yahoo Ad Tech. Building on its longtime relationship with AWS, Yahoo Ad Tech is migrating all of its advertising technology workloads—including its media-buying and supply-side platforms, analytics, and identity solutions and products—from its on-premises data centers to AWS. The migration is part of the business’s ongoing digital transformation strategy to reduce IT infrastructure costs, transform its advertising business operations, and develop more tailored and immersive solutions to help brands connect with their audiences.

 

Costco Wholesale Corporation (NASDAQ: COST) recently announced its operating results for the first quarter (twelve weeks) of fiscal 2023, ended November 20, 2022.

 

Net sales for the first quarter increased 8.1 percent, to $53.44 billion from $49.42 billion last year.  Net income for the quarter was $1,364 million, $3.07 per diluted share, compared to $1,324 million, $2.98 per diluted share, last year. This year’s results included a charge of $93 million pre-tax, $0.15 per diluted share, primarily related to downsizing our charter shipping activities, and a tax benefit of $53 million, $0.12 per diluted share, related to stock-based compensation. Last year’s results included a write-off of certain information technology assets of $118 million pre-tax, $0.20 per diluted share, and a tax benefit of $91 million, $0.21 per diluted share, related to stock-based compensation.

 

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated twenty six hundred dollars for news coverage of the current press releases issued by Bruush Oral Care Inc. by a non affiliated third party.

 

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

 

SOURCE Financialnewsmedia.com

The post Despite Rising Costs, Consumer Products Companies Surveyed Expect Operating Margins to Increase appeared first on Financial News Media.

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