All tagged consumer products

10 Companies Raised Prices Reaped Over $69B Profits

Many of us celebrated Mother’s Day recently. It is infuriating to learn that ten major corporations, including Procter & Gamble, Johnson & Johnson, and Kimberly-Clark, that specialize in consumer goods needed by mothers, parents, and babies increased prices and profits, according to government watchdog Accountable.US.

Their research found that these companies saw profits soar by an additional $18 billion to a total of over $69 billion, and rewarded shareholders with over $69 billion in stock buybacks and dividends in their 2021 fiscal years.