Tuesday, January 31, 2023
Packaging Corp of America's Packaging Net Sales Increased By 14.1% in the First Nine Months of 2022 Just Due to Higher Sales Pricing and Mix.
Packaging Corp of America's Paper Net Sales Increased By 15.3% in the First Nine Months of 2022 Just Due to Higher Sales Pricing and Mix.
Monday, January 30, 2023
Sunday, January 29, 2023
United Parcel Service's US Domestic Packages Had a Higher Price Rates/Product Mix of 4.6% and Fuel Surcharges of an Additional 5.5% For a Total Pricing Increase of 10.1% For the First Nine Months of 2022 From the First Nine Months of 2021.
And United Parcel Service's International Packages Had a Higher Price Rates/Product Mix of 8.1% and Fuel Surcharges of an Additional 8.1% For a Total Pricing Increase of 16.2% For the First Nine Months of 2022 From the First Nine Months of 2021.
US Utility Sempra Energy's Southern California Gas Co's Average Cost of Natural Gas Sold Increased By 121% For the First Nine Months of 2022 From That in the Prior Nine-Month Period.
US Utility Sempra Energy's San Diego Gas & Electric Co's Average Cost of Natural Gas Sold Increased By 68% For the First Nine Months of 2022 From That in the Prior Nine-Month Period.
Sempra Energy September 2022 10-Q
Saturday, January 28, 2023
US Utility Co Southern Company Total Operating Revenues and Earnings Both Up a Blistering 34% in the September 2022 Quarter From the September 2021 Quarter.
Retail Electric Revenues increased by 31% in the September 2022 Quarter. Of that 31% increase, a huge 25.2% was due to Fuel and Other Cost Recovery, primarily Higher Fuel and Higher Purchased Power Costs. Another 3.6% of the 31% was due to Rates and Pricing.
Wholesale Electric Revenues increased by 64% in the September 2022 Quarter. Of that 64%, 60% was a result of Fuel and Purchased Power increases.
Natural Gas Revenues increased by 37.6% in the September 2022 Quarter. Of the 37.6%, 27.6% was a result of Fuel and Purchased Power increases.
Looking at September 2022 Quarter Total Expenses, Total Fuel expenses were an credible 96% higher and Total Purchased Power Expenses were an even more incredible 124% higher than that in the September 2021 Quarter.
Suffice it to say that Utility Customers cannot be happy with the incredibly high addons to their Utility bills for the higher fuel, for the higher purchased power and for the higher other cost recovery that are being passed on to them.
And there is something seriously wrong with US capitalism when a large Utility Company reports 34% earnings growth but gets there only by passing on a high percentage of its higher costs to its Utility customers.
Oil & Gas Co HF Sinclair's Huge Refining Segment Saw Its Gross Margin Per Barrel Sold Increase By a Blistering 112% in the September 2022 Quarter Due to Much Higher Crude Oil, Gasoline and Especially Diesel Prices, Coupled With Rapidly Expanding Market Crack Spreads, Which Led to an Earnings Increase of 223%
Friday, January 27, 2023
Thursday, January 26, 2023
Wednesday, January 25, 2023
Chicken Processor and Distributor Pilgrim's Pride US Segment's Net Sales Prices Per Pound Increased By 16% in the September 2022 Quarter From That in the Prior Year's Quarter.
And Pilgrim's Pride UK and Europe Segment's Net Sales Prices Per Pound Increased By 25% in the September 2022 Quarter From That in the Prior Year's Quarter.
Refining Co Valero Energy Saw Its September 2022 Quarter Refining Margins Increase By $3.2 Bil and More Than 100% of That Was Due to Substantially Higher Diesel Fuel Prices. The Increase in the Market Prices For Diesel Fuel in the Four US Regions in the Sept 2022 Quarter vs in the Year Ago Quarter Were Amazingly High: US Gulf Coast +247%, US Mid-Continent +212%, US North Atlantic +220% and US West Coast +178%.
Tuesday, January 24, 2023
Chevron's US Upstream Segment's Average Sales Prices For Its Crude Oil & Natural Gas Liquids Increased By 31% and Its Average Sales Prices For Its Natural Gas Increased By Another 117% in the Sept 2022 Quarter From the Prior Year Quarter.
Chevron's International Upstream Segment's Average Sales Prices For Its Crude Oil & Natural Gas Liquids Increased By 31% and Its Average Sales Prices For Its Natural Gas Increased By Another 65% in the Sept 2022 Quarter From the Prior Year Quarter.
Monday, January 23, 2023
Albemarle's Increased Pricing Benefits in the Sept 2022 Quarter Were $1.173 Bil or a Completely Off-the-Charts +141% of Sept 2021 Total Net Sales of $ 0.831 Bil
Albemarle's Increased Pricing Benefits for the Nine Months Ended Sept 2022 Were $2.071 Bil or a Completely Off-the-Charts +85% of the Nine Months Ended Sept 2021 Total Net Sales of $ 2.434 Bil
Sunday, January 22, 2023
Saturday, January 21, 2023
Corteva Had an Exceptionally High +13% Pricing Component of Its Net Sales % Change in Its Most Recent Sept 2022 Quarter That Was 13 Times Its +1% Higher Pricing That It Had in the Five-Quarters-Ago June 2021 Quarter
Corteva's CEO elected to raise its prices dramatically on its products in its most recent five quarters.
From its six most recent Quarterly Earnings Releases and its 10-Qs filed with the US SEC, here are the Higher Pricing Components of Net Sales % Changes for the most recent six quarters:
- Sept 22 Quarter +13% (Wow!)
- June 22 Quarter +9% (Wow!)
- March 22 Quarter +9% (Wow!)
- Dec 21 Quarter+8% (Wow!)
- Sept 21 Quarter +7% (Wow!)
- June 21 Quarter +1%
Friday, January 20, 2023
Union Pacific's Freight Revenue Just From Fuel Surcharges Increased By an Amazing 158% in the September 2022 Quarter From the Prior Year Quarter. This Increase Amounted to a 13.2% Pricing Increase From the September 2021 Quarter Total Operating Revenues and to a 14.2% Price Increase From the September 2021 Quarter Total Freight Revenues.
Thursday, January 19, 2023
Keurig DrPepper Had an Exceptionally High Pricing Component of Its Net Sales % Change in Its Two Most Recent Quarters ..... +12.1% in Its Sept 2022 Quarter and +10.4% in Its June 2022 Quarter
Keurig DrPepper's CEO elected to raise its prices dramatically on its products in its two most recent quarters.
From its five most recent Quarterly Earnings Releases filed with the US SEC, here are the Higher Pricing Components of Keurig DrPepper's Net Sales % Changes :
- Sept 22 +12.1% (Wow!)
- June 22 +10.4% (Wow!)
- March 22 +6.3%
- Dec 21 +4.1%
- Sept 21 +3.6%
French Luxury Goods Giant LVMH Louis Vuitton Reported US Region Organic Revenue Growth of +26% For the Sept 2022 Quarter, +22% For the June 2022 Quarter and +11% For the March 2022 Quarter. Europe Region Organic Revenue Growth Was +45% For the Sept 2022 Quarter, +48% For the June 2022 Quarter and +36% For the March 2022 Quarter.
Organic Revenue growth eliminates foreign currency effects. In substance, there are two elements to organic growth ..... price increases and volume changes.
LVHM did not report its pricing and volume elements for its 2022 quarters. The only mention of pricing increases was that it said that it had a very firm price increase policy in its Wine & Spirits segment.
Given how huge LVMH's organic Revenue growth was in both its US Region and especially so in its Europe Region in both the second and third quarters of 2022, any reasonable breakdown of this organic growth between Price Increases and Volume impacts should yield double-digits % increases for pricing in both the US Region and especially so in the Europe Region for both the second and third quarters of 2022.
LVMH Louis Vuitton Third Quarter 2022 Revenue
Wednesday, January 18, 2023
Paccar's Increase in Its Truck Net Sales and Revenues Due Just to Higher Average Truck Sales Prices Was an Extremely High +14.9% in the Most Recent Sept 2022 Quarter That Was 3.73 Times That in the Year-Ago Sept 2021 Quarter of Only +4.0%
Paccar's truck customers cannot be happy with Paccar's exceptionally high pricing increases on its trucks in 2022.
Tuesday, January 17, 2023
Honeywell Had an Exceptionally High +11% Higher Pricing Component of Its Net Sales % Change in Its Most Recent Sept 2022 Quarter That Was 2.75 Times of That in Its Year-Ago Sept 2021 Quarter of 4%
Honeywell's CEO elected to raise its prices dramatically on its products in its three most recent quarters.
From its most recent Quarterly 10-Q's filed with the US SEC, here are the Pricing Components of Honeywell's Net Sales % Changes :
- Sept 22 +11% (Wow!)
- June 22 +9% (Wow!)
- March 22 +7% (Wow!)
- Dec 21 Not Disclosed
- Sept 21 +4%
Saturday, January 14, 2023
Lamb-Weston Had Outrageously High 30% Price/Mix Component of Its Net Sales Increase in Its Most Recent Nov 22 Quarter, After Exceptionally High Price/Mixes of 19% in Its Aug 22 Quarter and of 14% in Its May 22 Quarter.
Lamb-Weston's CEO elected to raise its prices by an almost unbelievable % on its products in its three most recent quarters.
Lamb-Weston November 2022 Press Release
Friday, January 13, 2023
JM Smucker & Co Had Exceptionally High Price Inflation in Each of Its Most Recent Three Quarters ..... +17% in Its Oct 22 Quarter, +14% in Its July 22 Quarter and +10% in Its April 22 Quarter.
JM Smucker & Co dramatically raised its prices on its products in its three most recent quarters.
JM Smucker & Co Oct 2022 Earnings Release
Kellogg Had an Extremely High 15.7% Pricing/Mix (Predominately Higher Pricing Inflation) Component of Its Net Sales % Increase in its Most Recent Sept 2022 Quarter, 3.65 Times That in its Year-Ago Sept 2021 Quarter of 4.3%.
From its most recent five Quarterly Earnings Releases filed with the US SEC, here are the Price/Mix (Predominately Higher Pricing Inflation) Components of Kellogg's Net Sales % Increases for the most recent five quarters:
- Sept 22 +15.7% (Wow!)
- June 22 +13.7% (Wow!)
- March 22 +9.9% (Wow!)
- Dec 21 +8.8% (Wow!)
- Sept 21 +4.3%
Clearly, Kellogg's Pricing Inflation was outrageous in all of 2022.
Its customers cannot be happy with Kellogg's exceptionally high pricing increases of its products all throughout 2022.
General Mills Had an Exceptionally High 17% Price and Mix (Predominately Pricing Inflation) Component of Its Net Sales % Increase in Both of Its Two Most Recent Quarters (Nov 22 and Aug 22) That Was 5.7 Times That in Its Aug 21 Quarter of 3%.
From its most recent Quarterly Earnings Releases and 10Qs filed with the US SEC, here are the Price and Mix (Predominately Higher Pricing Inflation) Components of General Mills' Net Sales % Increases for the most recent six quarters:
- Nov 22 +17% (Wow!)
- Aug 22 +17% (Wow!)
- May 22 +14% (Wow!)
- Feb 22 +11% (Wow!)
- Nov 21 +7%
- Aug 21 +3%
Clearly, General Mills' Pricing Inflation was outrageous in all of 2022.
Its customers cannot be happy with General Mills' exceptionally high pricing increases of its products all throughout 2022.
General Mills November 2022 10Q
Thursday, January 12, 2023
W. W. Grainger's Large High-Touch Solutions NA Segment's Pricing Inflation Was 12.1% in Its Most Recent Sept 2022 Quarter, Four Times That of Its Year-Ago Sept 2021 Quarter's Pricing Inflation of 3.0%.
Clearly, W. W. Grainger's Largest Segment's most recent Quarterly Pricing Inflation is extremely high.
Its customers cannot be happy with these extremely high pricing increases on its products.
Ferguson plc Had Its Pricing Inflation on Its Net Sales Spike Up to 15% in Its Most Recent Oct 2022 Quarter, After Averaging Pricing Inflation of 3% in Its Fiscal Year Ended July 2022.
Clearly, Ferguson's most recent Pricing Component of Its Net Sales Increase is abnormally high.
Its customers cannot be happy with Ferguson's outlandishly high pricing increases on its products.
Campbell Soup Had an Extremely High 16% Prices and Sales Allowances (Higher Pricing Inflation) Component of Its Net Sales % Increase in its Most Recent Oct 2022 Quarter, 4 Times That in its Year-Ago Oct 2021 Quarter (4%) and 16 Times That in its July 2021 Quarter (1%) Only Five Quarters Ago.
From its most recent six Quarterly Earnings Releases filed with the US SEC, here are the Prices and Sales Allowances (Higher Pricing Inflation) Components of Campbell Soup's Net Sales % Increases:
- Oct 22 +16%
- July 22 +14%
- April 22 +11%
- Jan 22 +5%
- Oct 21 +4%
- July 21 +1%
Clearly, Campbell Soup's recent Pricing Component of Its Net Sales % Increase is abnormally high recently.
Its customers cannot be happy with Campbell Soup's extremely high pricing increase of its products in its most recent three quarters.
Wednesday, January 11, 2023
Coca-Cola North America Had an Extremely High 15% Price/Mix Component (Predominately Higher Pricing) of Its Net Operating Revenues % Increase in the Most Recent Sept 2022 Quarter, 1.5 Times That in the June 2022 Quarter (10%) and Triple That in the Year-Ago Sept 2021 Quarter (5%).
From its most recent five Quarterly Earnings Releases filed with the US SEC, here are the Price/Mix Components of Coca-Cola's North America Segment's Net Operating Revenues % Increases:
- Sept 2022 +15%
- June 2022 +10%
- March 2022 +11%
- Dec 2021 +9%
- Sept 2021 +5%
Clearly, Coca-Cola North America's recent Pricing Component of Its Net Operating Revenues % Increase is abnormally high.
Its US customers cannot be happy with Coca-Cola North America's extremely high pricing increase of its products in the most recent Sept 2022 quarter.
Conagra Brands Had an Extremely High 17.0% Price/Mix Component (Predominately Higher Pricing) of Its Net Sales Increase in the Most Recent November 2022 Quarter, More Than 10 Times Its Modest 1.6% Price/Mix Component in the Aug 2021 Quarter Only Five Quarters Ago
From its most recent six Quarterly Earnings Releases filed with the US SEC, here are the Higher Price/Mix Components of Conagra Brands' Total Net Sales % Increases:
- Nov 2022 +17.0%
- Aug 2022 +14.3%
- May 2022 +13.2%
- Feb 2022 +8.6%
- Nov 2021 +6.8%
- Aug 2021 +1.6%
Clearly, Conagra Brands' recent Pricing Components of Its Net Sales Increases are abnormally high.
Its customers cannot be happy with Conagra Brands' outlandishly high pricing increases of its products.
Deere & Co Had 11.3% Higher Price Realization (Inflation) in Its Most Recent Fiscal Year Ended (FYE) Oct 2022 That Was 85% Higher Than the 6.1% Higher Price Realization in its Prior FYE Oct 2021. Also, in Its Most Recent Oct 2022 Quarter, Its Higher Price Realization Spiked Up to 15.4%.
Clearly, Deere & Co's recent Pricing Component of Its Net Sales Increase is abnormally high.
Its customers cannot be happy with Deere's outlandishly high pricing increases of its products.
Deere October 2022 Quarter Earnings Release
Tuesday, January 10, 2023
Caterpillar Had Very High 13.2% Favorable Price Realization (Inflation) in Its Most Recent Sept 2022 Quarter Which Was Five Times Its Modest 2.4% Favorable Price Realization One Year Earlier in Its Sept 2021 Quarter.
From its most recent five Quarterly Earnings Releases filed with the US SEC, here are the Higher Favorable Price Realization (Inflation) Components of Caterpillar's Worldwide Consolidated Total Sales and Revenues % Increases:
- Sept 2022 +13.2%
- June 2022 +8.6%
- March 2022 +5.9%
- Dec 2021 +4.5%
- Sept 2021 +2.6%
Monday, January 9, 2023
Worldwide Consolidated Kimberly-Clark Had Very High Pricing (Inflation) Components in Each of the Most Recent Three Quarters ... +9% in Both the Sept 22 and June 22 Quarters and +6% in the March 22 Quarter That Was Substantially Above That in the Previous Three Quarters, Which Averaged a Modest 2% Per Quarter.
From its most recent six Quarterly Earnings Releases filed with the US SEC, here are the Higher Pricing (Inflation) Components of Worldwide Consolidated Kimberly-Clark's Net Sales Increases:
- Sept 2022 +9%
- June 2022 +9%
- March 2022 +6%
- Dec 2021 +2%
- Sept 2021 +3%
- June 2021 +1%
- Sept 2022 +8%
- June 2022 +9%
- March 2022 +8%
- Dec 2021 +4%
- Sept 2021 +4%
- June 2021 0%
- Sept 2022 +9%
- June 2022 +7%
- March 2022 +5%
- Dec 2021 (-1%)
- Sept 2021 +1%
- June 2021 0%
Colgate-Palmolive's Worldwide Consolidated Four Most Recent Quarterly Higher Pricing (Inflation) Components of Its Net Sales % Increases Were: +3.0% in the Dec 21 QTR, +5.5% in the March 22 QTR, +8.5% in the June 22 QTR and +11.5% in the Sept 22 QTR.
From its most recent four Quarterly Earnings Releases filed with the US SEC, here are the Higher Pricing (Inflation) Components of Worldwide Consolidated Colgate-Palmolive's Net Sales Increases:
- Dec 2021 +3.0%
- March 2022 +5.5%
- June 2022 +8.5%
- and Sept 2022 +11.5%
- Dec 2021 -(0.5%)
- March 2022 -(1.0%)
- June 2022 +3.0%
- and Sept 2022 +9.0% (Wow!)
- Dec 2021 +7.0%
- March 2022 +10.0%
- June 2022 +12.1%
- and Sept 2022 +20.0% (Wow!)
Sunday, January 8, 2023
The Clorox Company's Three Most Recent Quarter Price Mix and Other Components (Primarily Price Mix) of Its Organic Growth in Net Sales Were +13% in the Sept 2022 Quarter and +10% in the June 2022 Quarter, After Being 0% in the March 2022 Quarter.
From its Supplemental Information contained in its quarterly 1earnings releases filed with the US SEC, here are the Price Mix and Other Components of The Clorox Company for each of the most recent five quarters:
- Sept 2021 -3%
- Dec 2021 +2%
- March 2022 +0%
- June 2022 +10%
- and Sept 2022 +13%
Friday, January 6, 2023
Tyson Foods Total Sales Average Annual Price Changes Were an Increase of 12.3% in Annual Fiscal Year Ended (FYE) Sept 2022 and of 13.0% in Annual FYE Sept 2021, After Increasing By Only 1.1% in Annual FYE Sept 2020.
From its three most recent FYE Sept Annual Earnings Releases filed with the US SEC, here are Tyson Foods' Total Annual Sales Average Price Increases:
- FYE Sept 2020 +1.1%
- FYE Sept 2021 +13.0%
- FYE Sept 2022 +12.3%
- Beef FYE 2020 +4.0%, FYE 2021 +14.0% and FYE 2022 +10.2%
- Pork FYE 2020 +2.2%, FYE 2021 +25.1% and FYE 2022 +4.1%
- Chicken FYE 2020 -0.6%, FYE 2021 +11.2% and FYE 2022 +18.1% and
- Prepared Foods FYE 2020 +3.3%, FYE 2021 +9.2%, FYE 2022 +13.5%
Thursday, January 5, 2023
Mondelez's Worldwide Consolidated Four Most Recent Quarterly Higher Pricing (Inflation) Components of Its Total Revenues % Increases Were: +2.6% in the Dec 21 QTR, +4.8% in the March 22 QTR, +8.0% in the June 22 QTR and +11.4% in the Sept 22 QTR.
From its most recent four Quarterly Earnings Releases filed with the US SEC, here are the Higher Pricing (Inflation) components of Mondelez International:
- Dec 2021 +2.6%
- March 2022 +4.8%
- June 2022 +8.0%
- and Sept 2022 +11.4%
- Dec 2021 +0.9%
- March 2022 +7.5%
- June 2022 +10.2%
- and Sept 2022 +12.6%
- March 2022 +1.5%
- June 2022 +4.9%
- and Sept 2022 +9.8%
Wednesday, January 4, 2023
Kraft-Heinz Five Most Recent Quarterly Higher Pricing Components (Inflation) of Its Total Revenues % Increases Were: +1.5% in the Sept 21 QTR, +3.8% in the Dec 21 QTR, +9.0% in the March 22 QTR, +12.4% in the June 22 QTR and +15.4% in the Sept 22 QTR.
From its Part I: Item 2 contained in its quarterly 10-Qs filed with the US SEC and also from one of its quarterly earnings releases, here are the higher pricing (inflation) components of The Kraft-Heinz Company for each of the most recent five quarters:
- Sept 2021 +1.5%
- Dec 2021 +3.8%
- March 2022 +9.0%
- June 2022 +12.4%
- and Sept 2022 +15.4%
Tuesday, January 3, 2023
Worldwide PepsiCo's Most Recent 12 Weeks Effective Net Pricing Components (Inflation) of Its Total Revenues % Increases Were 12% For the 12 Weeks 6-11-22 and 17% For the 12 Weeks 9-3-22. Frito-Lay North America Were 14% For the 12 Weeks 6-11-22 and 20% For the 12 Weeks 9-3-22. Quaker Foods North America Were 16% For the 12 Weeks 6-11-22 and 20% For the 12 Weeks 9-3-22.
From its Part I: Item 2 contained in its two most recent quarterly 10-Qs filed with the US SEC, here are the Effective Net Pricing (inflation) components of the Giant PepsiCo Worldwide and of five of its segments for each of the two most recent 12 week periods:
For Consolidated PepsiCo Worldwide, 12% for 12 weeks 6-11-22 and 17% for 12 weeks 9-3-22.
For Frito-Lay North America, 14% for 12 weeks 6-11-22 and 20% for 12 weeks ended 9-3-22.
For Quaker Foods North America, 16% for 12 weeks 6-11-22 and 20% for 12 weeks 9-3-22.
For PepsiCo Beverages North America, 9% for 12 weeks 6-11-22 and 12% for 12 weeks 9-3-22.
For Latin America, 15% for 12 weeks 6-11-22 and 17% for 12 weeks 9-3-22.
And for Europe, 17% for 12 weeks 6-11-22 and 24% for 12 weeks 9-3-22.
Clearly, the substantial higher pricing decisions by PepsiCo's CEO which were reviewed by the PepsiCo's Board of Directors were one of the causes of US inflation being so incredibly high in both the 12 weeks 6-11-22 and in the 12 weeks 9-3-22 periods.
Procter & Gamble's Most Recent 5 Quarterly Higher Pricing Components (Inflation) of Its Total Revenues % Increases Were: +1% in the Sept 21 QTR, +3% in the Dec 21 QTR, +5% in the March 22 QTR, +8% in the June 22 QTR and +9% in the Sept 22 QTR.
From its Part I: Item 2 contained in its quarterly 10-Qs filed with the US SEC and also from one of its quarterly earnings releases, here are the higher pricing (inflation) components of the Giant Procter & Gamble (P&G) for each of the most recent five quarters:
- Sept 2021 +1%
- Dec 2021 +3%
- March 2022 +5%
- June 2022 +8%
- and Sept 2022 +9%
- Fabric and Home Care +11%
- Grooming +8%
- Baby, Feminine and Family Care +8%
- Beauty 7%
- Health Care +6%