Heard on the Street: Consumer staples companies like P&G, Nestlé and Unilever agree that cost pressures are intense but not on what this will do to profit margins
Companies that make well-known household essentials have reported strong sales this earnings season. On Thursday, Nespresso coffee maker Nestlé said
for the three months through December. Procter & Gamble and Unilever increased sales by an impressive 6% and 4.9%, respectively, over the same period. For both Nestlé and Unilever, this was the fastest growth rate in roughly a decade.
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