Big companies manage to pass on soaring costs to cash-strapped consumers

First-quarter earnings allay fears higher prices could dent demand

24 April 2022 – 06:25 Reuters

Makers of goods from chocolate bars and coffee to lawnmowers and industrial robots succeeded in passing on soaring costs to consumers, first-quarter earnings showed this week, allaying fears higher prices could dent demand for their products.

Some of Europe’s biggest companies reported first-quarter sales increases, with KitKat maker Nestlé, Evian water owner Danone and Dulux paint maker Akzo Nobel saying they made the gains while raising their prices…

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